REI Lense

REI Lense

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$4,324 (target)

1009 Spring St, Manteno, IL 60950

3 beds • 2 baths • 2005 sqft

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This property might be a fair Mid-Term investment with a projected 2.04% first-year return on $121k initial cash invested.

2.04%

Cash On Cash

6.99%

Cap Rate

1.15

DSCR

$4,324

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,324 income − $4,118 expenses = $206 cash flow

Income$4,324Mortgage P&I$2,47457%Property Taxes$1Insurance$1724%Management$51912%CapEx$1734%Vacancy$1303%Maintenance$1734%Other$47611%Cash Flow$206

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,000

Closing costs

1%

$4,900

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,324

Total Expenses

$4,118

Mortgage P&I

57%

$2,474

Property Taxes

0%

$1

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$519

CapEx

4%

$173

Vacancy

3%

$130

Maintenance

4%

$173

Other

11%

$476

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