REI Lense

REI Lense

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$2,607 (target)

1300 N Lyle Ave, Elgin, IL 60123

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $72,534 initial cash invested.

-11.32%

Cash On Cash

4.74%

Cap Rate

0.71

DSCR

$2,607

Rent

-$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,607 income − $3,291 expenses = $684 out of pocket

Income$2,607Out of Pocket$684Mortgage P&I$1,91974%Property Taxes$57322%Insurance$1225%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,607

Total Expenses

$3,291

Mortgage P&I

74%

$1,919

Property Taxes

22%

$573

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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