REI Lense

REI Lense

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$2,142 (target)

1510 14th Ave, Belvidere, IL 61008

3 beds • 2 baths • 1754 sqft

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This property looks like a bad Long-Term investment with a projected -6.13% first-year return on $51,492 initial cash invested.

-6.13%

Cash On Cash

6%

Cap Rate

0.89

DSCR

$2,142

Rent

-$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,405 expenses = $263 out of pocket

Income$2,142Out of Pocket$263Mortgage P&I$1,38265%Property Taxes$37818%Insurance$884%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,492

Downpayment

20%

$49,040

Closing costs

1%

$2,452

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$2,405

Mortgage P&I

65%

$1,382

Property Taxes

18%

$378

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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