REI Lense

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$4,006 (target)

1177 Meadow Ln, Elgin, IL 60123

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $103k initial cash invested.

-3.03%

Cash On Cash

6.14%

Cap Rate

0.95

DSCR

$4,006

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $4,267 expenses = $261 out of pocket

Income$4,006Out of Pocket$261Mortgage P&I$2,18354%Property Taxes$57714%Insurance$1454%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,340

Closing costs

1%

$4,067

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$4,267

Mortgage P&I

54%

$2,183

Property Taxes

14%

$577

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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