REI Lense

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$2,224 (target)

1403 N Magnolia Dr, Marion, IL 62959

3 beds • 3 baths • 2133 sqft

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This property looks like a bad Long-Term investment with a projected -5.19% first-year return on $58,947 initial cash invested.

-5.19%

Cash On Cash

5.35%

Cap Rate

0.9

DSCR

$2,224

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,479 expenses = $255 out of pocket

Income$2,224Out of Pocket$255Mortgage P&I$1,39663%Property Taxes$40318%Insurance$1035%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,947

Downpayment

20%

$56,140

Closing costs

1%

$2,807

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,224

Total Expenses

$2,479

Mortgage P&I

63%

$1,396

Property Taxes

18%

$403

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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