REI Lense

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$1,531 (target)

1010 Spring Bay Rd, East Peoria, IL 61611

3 beds • 2 baths • 1751 sqft

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This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $41,685 initial cash invested.

-10.33%

Cash On Cash

5.02%

Cap Rate

0.75

DSCR

$1,531

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,531 income − $1,890 expenses = $359 out of pocket

Income$1,531Out of Pocket$359Mortgage P&I$1,11273%Property Taxes$30020%Insurance$795%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,685

Downpayment

20%

$39,700

Closing costs

1%

$1,985

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,531

Total Expenses

$1,890

Mortgage P&I

73%

$1,112

Property Taxes

20%

$300

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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