REI Lense

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$1,959 (target)

1508 Springfield Rd, East Peoria, IL 61611

3 beds • 2 baths • 1997 sqft

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This property looks like a bad Mid-Term investment with a projected -11.14% first-year return on $68,106 initial cash invested.

-11.14%

Cash On Cash

3.58%

Cap Rate

0.56

DSCR

$1,959

Rent

-$632

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $2,591 expenses = $632 out of pocket

Income$1,959Out of Pocket$632Mortgage P&I$1,26665%Property Taxes$57229%Insurance$884%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,106

Downpayment

20%

$47,720

Closing costs

1%

$2,386

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,959

Total Expenses

$2,591

Mortgage P&I

65%

$1,266

Property Taxes

29%

$572

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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