REI Lense

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$1,942 (target)

1402 W Masters Ln, Decatur, IL 62521

3 beds • 3 baths • 1642 sqft

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This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $47,418 initial cash invested.

-9.01%

Cash On Cash

5.24%

Cap Rate

0.79

DSCR

$1,942

Rent

-$356

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,942 income − $2,298 expenses = $356 out of pocket

Income$1,942Out of Pocket$356Mortgage P&I$1,24564%Property Taxes$46824%Insurance$804%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,418

Downpayment

20%

$45,160

Closing costs

1%

$2,258

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,942

Total Expenses

$2,298

Mortgage P&I

64%

$1,245

Property Taxes

24%

$468

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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