REI Lense

REI Lense

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$2,546 (target)

180 S Belmont Ave, Elgin, IL 60123

3 beds • 2 baths • 2066 sqft

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This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $86,562 initial cash invested.

-12.66%

Cash On Cash

3.7%

Cap Rate

0.62

DSCR

$2,546

Rent

-$913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $3,459 expenses = $913 out of pocket

Income$2,546Out of Pocket$913Mortgage P&I$2,05781%Property Taxes$59323%Insurance$1476%Management$25510%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,562

Downpayment

20%

$82,440

Closing costs

1%

$4,122

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,546

Total Expenses

$3,459

Mortgage P&I

81%

$2,057

Property Taxes

23%

$593

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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