REI Lense

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$1,714 (target)

2021 Cherry St, Quincy, IL 62301

3 beds • 2 baths • 1321 sqft

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This property might be a fair Mid-Term investment with a projected 2.47% first-year return on $48,513 initial cash invested.

2.47%

Cash On Cash

7.99%

Cap Rate

1.21

DSCR

$1,714

Rent

$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,714 income − $1,614 expenses = $100 cash flow

Income$1,714Mortgage P&I$79947%Property Taxes$17910%Insurance$523%Management$20612%CapEx$694%Vacancy$513%Maintenance$694%Other$18911%Cash Flow$100

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,513

Downpayment

20%

$29,060

Closing costs

1%

$1,453

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,714

Total Expenses

$1,614

Mortgage P&I

47%

$799

Property Taxes

10%

$179

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$189

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