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1702 Hovey Ave, Normal, IL 61761

3 beds • 2 baths • 2590 sqft

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This property looks like a bad Long-Term investment with a projected -7.02% first-year return on $62,202 initial cash invested.

-7.02%

Cash On Cash

4.87%

Cap Rate

0.83

DSCR

$2,299

Rent

-$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,202

Downpayment

20%

$59,240

Closing costs

1%

$2,962

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,299

Total Expenses

$2,663

Mortgage P&I

63%

$1,452

Property Taxes

22%

$510

Home Insurance

4%

$103

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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