REI Lense

REI Lense

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$1,870 (target)

1519 W Madison St, Herrin, IL 62948

3 beds • 2 baths • 1352 sqft

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This property could be a profitable Mid-Term investment with a projected 49.85% first-year return on $23,565 initial cash invested.

49.85%

Cash On Cash

53.84%

Cap Rate

8.81

DSCR

$1,870

Rent

$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$26,500

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,565

Downpayment

20%

$5,300

Closing costs

1%

$265

Rehab

0%

$0

Furnishing

68%

$18,000

Cashflow

Total Income

$1,870

Total Expenses

$891

Mortgage P&I

7%

$135

Property Taxes

6%

$111

Home Insurance

0%

$9

HOA

0%

$0

Property Management

12%

$224

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$206

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