REI Lense

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$3,940 (target)

1613 Locust Rd, Morris, IL 60450

3 beds • 3 baths • 2838 sqft

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This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $108k initial cash invested.

-6.58%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$3,940

Rent

-$594

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,940 income − $4,534 expenses = $594 out of pocket

Income$3,940Out of Pocket$594Mortgage P&I$2,17255%Property Taxes$84521%Insurance$1544%HOA$231%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43311%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,100

Closing costs

1%

$4,305

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,940

Total Expenses

$4,534

Mortgage P&I

55%

$2,172

Property Taxes

21%

$845

Home Insurance

4%

$154

HOA

1%

$23

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$433

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