REI Lense

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$2,834 (target)

18338 Ridgewood Ave, Lansing, IL 60438

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 4.46% first-year return on $62,100 initial cash invested.

4.46%

Cash On Cash

8.3%

Cap Rate

1.31

DSCR

$2,834

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,834 income − $2,603 expenses = $231 cash flow

Income$2,834Mortgage P&I$1,10939%Property Taxes$45716%Insurance$743%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$231

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,834

Total Expenses

$2,603

Mortgage P&I

39%

$1,109

Property Taxes

16%

$457

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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