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$3,111 (target)

1115 Hovey Ave, Normal, IL 61761

3 beds • 2 baths • 1872 sqft

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This property could be a profitable Mid-Term investment with a projected 11.1% first-year return on $61,281 initial cash invested.

11.1%

Cash On Cash

10.6%

Cap Rate

1.61

DSCR

$3,111

Rent

$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,111 income − $2,544 expenses = $567 cash flow

Income$3,111Mortgage P&I$1,13036%Property Taxes$2909%Insurance$682%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$567

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,281

Downpayment

20%

$41,220

Closing costs

1%

$2,061

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,111

Total Expenses

$2,544

Mortgage P&I

36%

$1,130

Property Taxes

9%

$290

Home Insurance

2%

$68

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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