REI Lense

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$4,028 (target)

151 E 2nd Ave, New Lenox, IL 60451

3 beds • 3 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 4.66% first-year return on $87,741 initial cash invested.

4.66%

Cash On Cash

7.86%

Cap Rate

1.3

DSCR

$4,028

Rent

$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,028 income − $3,687 expenses = $341 cash flow

Income$4,028Mortgage P&I$1,67342%Property Taxes$52613%Insurance$1193%Management$48312%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%Cash Flow$341

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,741

Downpayment

20%

$66,420

Closing costs

1%

$3,321

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,028

Total Expenses

$3,687

Mortgage P&I

42%

$1,673

Property Taxes

13%

$526

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$483

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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