REI Lense

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$2,233 (target)

18400 Carriage Ln, Lansing, IL 60438

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -6.41% first-year return on $64,386 initial cash invested.

-6.41%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$2,233

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,233 income − $2,577 expenses = $344 out of pocket

Income$2,233Out of Pocket$344Mortgage P&I$1,53069%Property Taxes$35816%Insurance$1085%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,386

Downpayment

20%

$61,320

Closing costs

1%

$3,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,233

Total Expenses

$2,577

Mortgage P&I

69%

$1,530

Property Taxes

16%

$358

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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