REI Lense

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$2,640 (target)

1513 Broadway, Highland, IL 62249

3 beds • 2 baths • 2080 sqft

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This property might be a fair Mid-Term investment with a projected 1.35% first-year return on $69,387 initial cash invested.

1.35%

Cash On Cash

7.34%

Cap Rate

1.14

DSCR

$2,640

Rent

$78

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,562 expenses = $78 cash flow

Income$2,640Mortgage P&I$1,31350%Property Taxes$26310%Insurance$883%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%Cash Flow$78

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,387

Downpayment

20%

$48,940

Closing costs

1%

$2,447

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,562

Mortgage P&I

50%

$1,313

Property Taxes

10%

$263

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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