REI Lense

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$2,080 (target)

1307 N Magnolia Dr, Marion, IL 62959

3 beds • 2 baths • 2045 sqft

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This property looks like a bad Long-Term investment with a projected -6.99% first-year return on $58,023 initial cash invested.

-6.99%

Cash On Cash

5.38%

Cap Rate

0.84

DSCR

$2,080

Rent

-$338

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

$58,023

Downpayment

20%

$55,260

Closing costs

1%

$2,763

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,080

Total Expenses

$2,418

Mortgage P&I

71%

$1,472

Property Taxes

15%

$317

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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