REI Lense

REI Lense

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$2,507 (target)

1484 Royal Blvd, Elgin, IL 60123

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $82,089 initial cash invested.

-13.35%

Cash On Cash

3.79%

Cap Rate

0.61

DSCR

$2,507

Rent

-$913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,507 income − $3,420 expenses = $913 out of pocket

Income$2,507Out of Pocket$913Mortgage P&I$2,02181%Property Taxes$60824%Insurance$1406%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,089

Downpayment

20%

$78,180

Closing costs

1%

$3,909

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,507

Total Expenses

$3,420

Mortgage P&I

81%

$2,021

Property Taxes

24%

$608

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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