REI Lense

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$1,143 (target)

2021 Cherry St, Quincy, IL 62301

3 beds • 2 baths • 1321 sqft

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This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $30,513 initial cash invested.

-7.24%

Cash On Cash

5.55%

Cap Rate

0.84

DSCR

$1,143

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,143 income − $1,327 expenses = $184 out of pocket

Income$1,143Out of Pocket$184Mortgage P&I$79970%Property Taxes$17916%Insurance$525%Management$11410%CapEx$575%Vacancy$696%Maintenance$575%

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,513

Downpayment

20%

$29,060

Closing costs

1%

$1,453

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,143

Total Expenses

$1,327

Mortgage P&I

70%

$799

Property Taxes

16%

$179

Home Insurance

5%

$52

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$69

Maintenance

5%

$57

Other

0%

$0

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