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$4,431 (target)

1044 E Polk St, Morton, IL 61550

3 beds • 3 baths • 2674 sqft

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This property might be a fair Mid-Term investment with a projected 4.43% first-year return on $96,729 initial cash invested.

4.43%

Cash On Cash

7.85%

Cap Rate

1.28

DSCR

$4,431

Rent

$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,431 income − $4,074 expenses = $357 cash flow

Income$4,431Mortgage P&I$1,92043%Property Taxes$51712%Insurance$1313%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%Cash Flow$357

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,431

Total Expenses

$4,074

Mortgage P&I

43%

$1,920

Property Taxes

12%

$517

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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