REI Lense

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$2,192 (target)

1605 Dew Drop Dr, Marion, IL 62959

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Long-Term investment with a projected -9.21% first-year return on $62,160 initial cash invested.

-9.21%

Cash On Cash

4.88%

Cap Rate

0.77

DSCR

$2,192

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $2,669 expenses = $477 out of pocket

Income$2,192Out of Pocket$477Mortgage P&I$1,57072%Property Taxes$42419%Insurance$1045%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,160

Downpayment

20%

$59,200

Closing costs

1%

$2,960

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,192

Total Expenses

$2,669

Mortgage P&I

72%

$1,570

Property Taxes

19%

$424

Home Insurance

5%

$104

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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