REI Lense

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$2,926 (target)

1401 Searle Dr, Normal, IL 61761

3 beds • 2 baths • 2576 sqft

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This property might be a fair Mid-Term investment with a projected 2.77% first-year return on $68,064 initial cash invested.

2.77%

Cash On Cash

7.81%

Cap Rate

1.21

DSCR

$2,926

Rent

$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,926 income − $2,769 expenses = $157 cash flow

Income$2,926Mortgage P&I$1,27744%Property Taxes$41014%Insurance$873%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$157

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,064

Downpayment

20%

$47,680

Closing costs

1%

$2,384

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,926

Total Expenses

$2,769

Mortgage P&I

44%

$1,277

Property Taxes

14%

$410

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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