REI Lense

REI Lense

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$2,627 (target)

1613 Locust Rd, Morris, IL 60450

3 beds • 3 baths • 2838 sqft

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This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $90,405 initial cash invested.

-16.59%

Cash On Cash

2.94%

Cap Rate

0.48

DSCR

$2,627

Rent

-$1,250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,627 income − $3,877 expenses = $1,250 out of pocket

Income$2,627Out of Pocket$1,250Mortgage P&I$2,17283%Property Taxes$84532%Insurance$1546%HOA$231%Management$26310%CapEx$1315%Vacancy$1586%Maintenance$1315%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,405

Downpayment

20%

$86,100

Closing costs

1%

$4,305

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,627

Total Expenses

$3,877

Mortgage P&I

83%

$2,172

Property Taxes

32%

$845

Home Insurance

6%

$154

HOA

1%

$23

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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