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$2,494 (target)

1611 Clark Ave, Granite City, IL 62040

3 beds • 2 baths • 2238 sqft

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This property might be a fair Mid-Term investment with a projected 3.44% first-year return on $58,320 initial cash invested.

3.44%

Cash On Cash

8.26%

Cap Rate

1.25

DSCR

$2,494

Rent

$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $2,327 expenses = $167 cash flow

Income$2,494Mortgage P&I$1,05442%Property Taxes$35714%Insurance$683%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$167

Investment Breakdown

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Purchase Price

$192k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,320

Downpayment

20%

$38,400

Closing costs

1%

$1,920

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,494

Total Expenses

$2,327

Mortgage P&I

42%

$1,054

Property Taxes

14%

$357

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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