REI Lense

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$3,120 (target)

1307 N Magnolia Dr, Marion, IL 62959

3 beds • 2 baths • 2045 sqft

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This property might be a fair Mid-Term investment with a projected 2.87% first-year return on $76,023 initial cash invested.

2.87%

Cash On Cash

7.73%

Cap Rate

1.21

DSCR

$3,120

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,023

Downpayment

20%

$55,260

Closing costs

1%

$2,763

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$2,938

Mortgage P&I

47%

$1,472

Property Taxes

10%

$317

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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