REI Lense

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$1,651 (target)

1506 Norwood Ave, Pekin, IL 61554

3 beds • 3 baths • 1635 sqft

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This property looks like a bad Long-Term investment with a projected -6.78% first-year return on $37,863 initial cash invested.

-6.78%

Cash On Cash

5.46%

Cap Rate

0.86

DSCR

$1,651

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,651 income − $1,865 expenses = $214 out of pocket

Income$1,651Out of Pocket$214Mortgage P&I$95258%Property Taxes$41725%Insurance$664%Management$16510%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,863

Downpayment

20%

$36,060

Closing costs

1%

$1,803

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,651

Total Expenses

$1,865

Mortgage P&I

58%

$952

Property Taxes

25%

$417

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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