REI Lense

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$1,951 (target)

1401 Searle Dr, Normal, IL 61761

3 beds • 2 baths • 2576 sqft

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This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $50,064 initial cash invested.

-7.93%

Cash On Cash

5.26%

Cap Rate

0.82

DSCR

$1,951

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,951 income − $2,282 expenses = $331 out of pocket

Income$1,951Out of Pocket$331Mortgage P&I$1,27765%Property Taxes$41021%Insurance$874%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,064

Downpayment

20%

$47,680

Closing costs

1%

$2,384

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,951

Total Expenses

$2,282

Mortgage P&I

65%

$1,277

Property Taxes

21%

$410

Home Insurance

4%

$87

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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