REI Lense

REI Lense

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$2,790 (target)

1320 Burns Dr, Elgin, IL 60120

3 beds • 3 baths • 1738 sqft

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This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $82,278 initial cash invested.

-8.97%

Cash On Cash

4.74%

Cap Rate

0.77

DSCR

$2,790

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,790 income − $3,405 expenses = $615 out of pocket

Income$2,790Out of Pocket$615Mortgage P&I$2,02272%Property Taxes$51719%Insurance$1405%Management$27910%CapEx$1405%Vacancy$1676%Maintenance$1405%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,278

Downpayment

20%

$78,360

Closing costs

1%

$3,918

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,790

Total Expenses

$3,405

Mortgage P&I

72%

$2,022

Property Taxes

19%

$517

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$279

CapEx

5%

$140

Vacancy

6%

$167

Maintenance

5%

$140

Other

0%

$0

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