REI Lense

REI Lense

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$1,400 (target)

1026 N 8th St, Quincy, IL 62301

3 beds • 2 baths • 1750 sqft

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This property could be a profitable Long-Term investment with a projected 16.74% first-year return on $22,722 initial cash invested.

16.74%

Cash On Cash

10.38%

Cap Rate

1.7

DSCR

$1,400

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,400 income − $1,083 expenses = $317 cash flow

Income$1,400Mortgage P&I$54939%Property Taxes$14610%Insurance$242%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%Cash Flow$317

Investment Breakdown

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Purchase Price

$108k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,722

Downpayment

20%

$21,640

Closing costs

1%

$1,082

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,400

Total Expenses

$1,083

Mortgage P&I

39%

$549

Property Taxes

10%

$146

Home Insurance

2%

$24

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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