REI Lense

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$2,412 (target)

1701 28th St, Rock Island, IL 61201

3 beds • 2 baths • 1548 sqft

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This property might be a fair Mid-Term investment with a projected 7.39% first-year return on $53,070 initial cash invested.

7.39%

Cash On Cash

9.38%

Cap Rate

1.48

DSCR

$2,412

Rent

$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,412 income − $2,085 expenses = $327 cash flow

Income$2,412Mortgage P&I$88337%Property Taxes$32413%Insurance$602%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$327

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,070

Downpayment

20%

$33,400

Closing costs

1%

$1,670

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,412

Total Expenses

$2,085

Mortgage P&I

37%

$883

Property Taxes

13%

$324

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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