REI Lense

REI Lense

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$1,313 (target)

1652 N Cherry St, Galesburg, IL 61401

3 beds • 2 baths • 1531 sqft

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This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $37,359 initial cash invested.

-8.38%

Cash On Cash

5.23%

Cap Rate

0.8

DSCR

$1,313

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,313 income − $1,574 expenses = $261 out of pocket

Income$1,313Out of Pocket$261Mortgage P&I$97174%Property Taxes$19615%Insurance$655%Management$13110%CapEx$665%Vacancy$796%Maintenance$665%

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,359

Downpayment

20%

$35,580

Closing costs

1%

$1,779

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,313

Total Expenses

$1,574

Mortgage P&I

74%

$971

Property Taxes

15%

$196

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$66

Vacancy

6%

$79

Maintenance

5%

$66

Other

0%

$0

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