REI Lense

REI Lense

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$2,093 (target)

1841 Spring St, Quincy, IL 62301

3 beds • 2 baths • 1600 sqft

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This property might be a fair Long-Term investment with a projected 2.75% first-year return on $46,179 initial cash invested.

2.75%

Cash On Cash

7.98%

Cap Rate

1.17

DSCR

$2,093

Rent

$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,093 income − $1,987 expenses = $106 cash flow

Income$2,093Mortgage P&I$1,25160%Property Taxes$1145%Insurance$774%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%Cash Flow$106

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,093

Total Expenses

$1,987

Mortgage P&I

60%

$1,251

Property Taxes

5%

$114

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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