REI Lense

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$3,819 (target)

180 S Belmont Ave, Elgin, IL 60123

3 beds • 2 baths • 2066 sqft

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This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $105k initial cash invested.

-3.18%

Cash On Cash

5.63%

Cap Rate

0.94

DSCR

$3,819

Rent

-$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,819 income − $4,096 expenses = $277 out of pocket

Income$3,819Out of Pocket$277Mortgage P&I$2,05754%Property Taxes$59316%Insurance$1474%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,440

Closing costs

1%

$4,122

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,819

Total Expenses

$4,096

Mortgage P&I

54%

$2,057

Property Taxes

16%

$593

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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