REI Lense

REI Lense

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$1,655 (target)

1348 S 28th St, Quincy, IL 62301

3 beds • 2 baths • 2697 sqft

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This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $50,715 initial cash invested.

-11.71%

Cash On Cash

4.51%

Cap Rate

0.69

DSCR

$1,655

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,655 income − $2,150 expenses = $495 out of pocket

Income$1,655Out of Pocket$495Mortgage P&I$1,32080%Property Taxes$31519%Insurance$845%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,715

Downpayment

20%

$48,300

Closing costs

1%

$2,415

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,655

Total Expenses

$2,150

Mortgage P&I

80%

$1,320

Property Taxes

19%

$315

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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