REI Lense

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$2,366 (target)

1607 Short Ter, Des Plaines, IL 60018

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $81,270 initial cash invested.

-12.03%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$2,366

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,366 income − $3,181 expenses = $815 out of pocket

Income$2,366Out of Pocket$815Mortgage P&I$1,93182%Property Taxes$49521%Insurance$1406%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,270

Downpayment

20%

$77,400

Closing costs

1%

$3,870

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,366

Total Expenses

$3,181

Mortgage P&I

82%

$1,931

Property Taxes

21%

$495

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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