REI Lense

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$2,383 (target)

1651 Winterwheat Dr, Belvidere, IL 61008

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $59,829 initial cash invested.

-7.58%

Cash On Cash

4.95%

Cap Rate

0.82

DSCR

$2,383

Rent

-$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,383 income − $2,761 expenses = $378 out of pocket

Income$2,383Out of Pocket$378Mortgage P&I$1,43560%Property Taxes$60725%Insurance$1004%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,383

Total Expenses

$2,761

Mortgage P&I

60%

$1,435

Property Taxes

25%

$607

Home Insurance

4%

$100

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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