REI Lense

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$2,482 (target)

1348 S 28th St, Quincy, IL 62301

3 beds • 2 baths • 2697 sqft

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This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $68,715 initial cash invested.

-1.4%

Cash On Cash

6.65%

Cap Rate

1.01

DSCR

$2,482

Rent

-$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $2,562 expenses = $80 out of pocket

Income$2,482Out of Pocket$80Mortgage P&I$1,32053%Property Taxes$31513%Insurance$843%Management$29812%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,715

Downpayment

20%

$48,300

Closing costs

1%

$2,415

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,482

Total Expenses

$2,562

Mortgage P&I

53%

$1,320

Property Taxes

13%

$315

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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