REI Lense

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$3,304 (target)

1241 S Elmwood Ave, Waukegan, IL 60085

3 beds • 2 baths • 1056 sqft

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This property might be a fair Mid-Term investment with a projected 3.75% first-year return on $80,979 initial cash invested.

3.75%

Cash On Cash

7.65%

Cap Rate

1.25

DSCR

$3,304

Rent

$253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,304 income − $3,051 expenses = $253 cash flow

Income$3,304Mortgage P&I$1,52746%Property Taxes$2979%Insurance$1053%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$253

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,304

Total Expenses

$3,051

Mortgage P&I

46%

$1,527

Property Taxes

9%

$297

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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