REI Lense

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$2,722 (target)

2 Hickory Ln, Metropolis, IL 62960

3 beds • 3 baths • 1912 sqft

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This property might be a fair Mid-Term investment with a projected 8.63% first-year return on $57,690 initial cash invested.

8.63%

Cash On Cash

9.77%

Cap Rate

1.52

DSCR

$2,722

Rent

$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,722 income − $2,307 expenses = $415 cash flow

Income$2,722Mortgage P&I$1,01437%Property Taxes$30111%Insurance$662%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%Cash Flow$415

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,722

Total Expenses

$2,307

Mortgage P&I

37%

$1,014

Property Taxes

11%

$301

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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