REI Lense

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$2,202 (target)

200 E Boone St, Salem, IL 62881

3 beds • 2 baths • 1747 sqft

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This property might be a fair Mid-Term investment with a projected 4.57% first-year return on $55,380 initial cash invested.

4.57%

Cash On Cash

8.53%

Cap Rate

1.31

DSCR

$2,202

Rent

$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $1,991 expenses = $211 cash flow

Income$2,202Mortgage P&I$96644%Property Taxes$2079%Insurance$703%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$211

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,380

Downpayment

20%

$35,600

Closing costs

1%

$1,780

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,202

Total Expenses

$1,991

Mortgage P&I

44%

$966

Property Taxes

9%

$207

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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