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$2,112 (target)

15 Homestead Dr, Mount Vernon, IL 62864

3 beds • 2 baths • 1588 sqft

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This property might be a fair Mid-Term investment with a projected 6.9% first-year return on $55,149 initial cash invested.

6.9%

Cash On Cash

9.1%

Cap Rate

1.43

DSCR

$2,112

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,112 income − $1,795 expenses = $317 cash flow

Income$2,112Mortgage P&I$94045%Property Taxes$874%Insurance$522%Management$25312%CapEx$844%Vacancy$633%Maintenance$844%Other$23211%Cash Flow$317

Investment Breakdown

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Purchase Price

$177k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,149

Downpayment

20%

$35,380

Closing costs

1%

$1,769

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,112

Total Expenses

$1,795

Mortgage P&I

45%

$940

Property Taxes

4%

$87

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$253

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$232

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