REI Lense

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$3,474 (target)

1535 Howard Rd, Marion, IL 62959

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Mid-Term investment with a projected -12.56% first-year return on $146k initial cash invested.

-12.56%

Cash On Cash

3.13%

Cap Rate

0.53

DSCR

$3,474

Rent

-$1,526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,474 income − $5,000 expenses = $1,526 out of pocket

Income$3,474Out of Pocket$1,526Mortgage P&I$2,97486%Property Taxes$61818%Insurance$2277%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

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Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,087

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,474

Total Expenses

$5,000

Mortgage P&I

86%

$2,974

Property Taxes

18%

$618

Home Insurance

7%

$227

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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