REI Lense

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$4,857 (target)

15504 Ridgefield Dr, Manhattan, IL 60442

3 beds • 4 baths • 2421 sqft

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This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $112k initial cash invested.

-1.17%

Cash On Cash

6.29%

Cap Rate

1.04

DSCR

$4,857

Rent

-$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,857 income − $4,966 expenses = $109 out of pocket

Income$4,857Out of Pocket$109Mortgage P&I$2,26247%Property Taxes$89218%Insurance$1613%Management$58312%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53411%

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,600

Closing costs

1%

$4,480

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,857

Total Expenses

$4,966

Mortgage P&I

47%

$2,262

Property Taxes

18%

$892

Home Insurance

3%

$161

HOA

0%

$0

Property Management

12%

$583

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$534

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