REI Lense

REI Lense

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$1,785 (target)

2 Houser Ct, Lincoln, IL 62656

3 beds • 2 baths • 1205 sqft

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This property might be a fair Long-Term investment with a projected 7.78% first-year return on $35,322 initial cash invested.

7.78%

Cash On Cash

8.63%

Cap Rate

1.36

DSCR

$1,785

Rent

$229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,785 income − $1,556 expenses = $229 cash flow

Income$1,785Mortgage P&I$89250%Property Taxes$1508%Insurance$513%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%Cash Flow$229

Investment Breakdown

|

Purchase Price

$168k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,322

Downpayment

20%

$33,640

Closing costs

1%

$1,682

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,785

Total Expenses

$1,556

Mortgage P&I

50%

$892

Property Taxes

8%

$150

Home Insurance

3%

$51

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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