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$2,476 (target)

1506 Norwood Ave, Pekin, IL 61554

3 beds • 3 baths • 1635 sqft

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This property might be a fair Mid-Term investment with a projected 4.3% first-year return on $55,863 initial cash invested.

4.3%

Cash On Cash

8.33%

Cap Rate

1.31

DSCR

$2,476

Rent

$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,276 expenses = $200 cash flow

Income$2,476Mortgage P&I$95238%Property Taxes$41717%Insurance$663%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$200

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,863

Downpayment

20%

$36,060

Closing costs

1%

$1,803

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,476

Total Expenses

$2,276

Mortgage P&I

38%

$952

Property Taxes

17%

$417

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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