REI Lense

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$2,035 (target)

968 2nd Ave E, Dickinson, ND 58601

3 beds • 2 baths • 2540 sqft

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This property looks like a bad Long-Term investment with a projected -9.4% first-year return on $66,990 initial cash invested.

-9.4%

Cash On Cash

4.78%

Cap Rate

0.75

DSCR

$2,035

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $2,560 expenses = $525 out of pocket

Income$2,035Out of Pocket$525Mortgage P&I$1,69483%Property Taxes$22411%Insurance$1126%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,035

Total Expenses

$2,560

Mortgage P&I

83%

$1,694

Property Taxes

11%

$224

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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