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1702 Hovey Ave, Normal, IL 61761

3 beds • 2 baths • 2590 sqft

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This property might be a fair Mid-Term investment with a projected 3.16% first-year return on $80,202 initial cash invested.

3.16%

Cash On Cash

7.3%

Cap Rate

1.24

DSCR

$3,448

Rent

$211

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

$80,202

Downpayment

20%

$59,240

Closing costs

1%

$2,962

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,448

Total Expenses

$3,237

Mortgage P&I

42%

$1,452

Property Taxes

15%

$510

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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