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$4,504 (target)

20 Fairmount Dr N, Alton, IL 62002

3 beds • 3 baths • 4469 sqft

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This property looks like a bad Mid-Term investment with a projected -15.37% first-year return on $176k initial cash invested.

-15.37%

Cash On Cash

2.81%

Cap Rate

0.46

DSCR

$4,504

Rent

-$2,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,504 income − $6,755 expenses = $2,251 out of pocket

Income$4,504Out of Pocket$2,251Mortgage P&I$3,83285%Property Taxes$1,03523%Insurance$2806%HOA$782%Management$54012%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49511%

Investment Breakdown

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Purchase Price

$751k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$150k

Closing costs

1%

$7,512

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,504

Total Expenses

$6,755

Mortgage P&I

85%

$3,832

Property Taxes

23%

$1,035

Home Insurance

6%

$280

HOA

2%

$78

Property Management

12%

$540

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$495

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