REI Lense

REI Lense

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$2,316 (target)

1535 Howard Rd, Marion, IL 62959

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Long-Term investment with a projected -19.77% first-year return on $128k initial cash invested.

-19.77%

Cash On Cash

1.94%

Cap Rate

0.33

DSCR

$2,316

Rent

-$2,106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $4,422 expenses = $2,106 out of pocket

Income$2,316Out of Pocket$2,106Mortgage P&I$2,974128%Property Taxes$61827%Insurance$22710%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$122k

Closing costs

1%

$6,087

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,316

Total Expenses

$4,422

Mortgage P&I

128%

$2,974

Property Taxes

27%

$618

Home Insurance

10%

$227

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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