REI Lense

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$3,266 (target)

18832 Cherry Ln, Lansing, IL 60438

3 beds • 2 baths • 1047 sqft

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This property might be a fair Mid-Term investment with a projected 7.47% first-year return on $65,670 initial cash invested.

7.47%

Cash On Cash

9.3%

Cap Rate

1.44

DSCR

$3,266

Rent

$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,266 income − $2,857 expenses = $409 cash flow

Income$3,266Mortgage P&I$1,21937%Property Taxes$46214%Insurance$652%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%Cash Flow$409

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,670

Downpayment

20%

$45,400

Closing costs

1%

$2,270

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,266

Total Expenses

$2,857

Mortgage P&I

37%

$1,219

Property Taxes

14%

$462

Home Insurance

2%

$65

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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