REI Lense

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$2,258 (target)

1414 Morton St, Pekin, IL 61554

3 beds • 2 baths • 2097 sqft

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This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $50,235 initial cash invested.

6.62%

Cash On Cash

9.28%

Cap Rate

1.45

DSCR

$2,258

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,258 income − $1,981 expenses = $277 cash flow

Income$2,258Mortgage P&I$82036%Property Taxes$34015%Insurance$542%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$277

Investment Breakdown

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Purchase Price

$154k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,235

Downpayment

20%

$30,700

Closing costs

1%

$1,535

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,258

Total Expenses

$1,981

Mortgage P&I

36%

$820

Property Taxes

15%

$340

Home Insurance

2%

$54

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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