REI Lense

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$2,148 (target)

1612 Summit Dr, Pekin, IL 61554

3 beds • 2 baths • 2376 sqft

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This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $66,384 initial cash invested.

-7.54%

Cash On Cash

4.86%

Cap Rate

0.74

DSCR

$2,148

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,148 income − $2,565 expenses = $417 out of pocket

Income$2,148Out of Pocket$417Mortgage P&I$1,26559%Property Taxes$48623%Insurance$844%Management$25812%CapEx$864%Vacancy$643%Maintenance$864%Other$23611%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,384

Downpayment

20%

$46,080

Closing costs

1%

$2,304

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,148

Total Expenses

$2,565

Mortgage P&I

59%

$1,265

Property Taxes

23%

$486

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$258

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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