REI Lense

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$2,250 (target)

2066 38th St, Rock Island, IL 61201

3 beds • 2 baths • 1629 sqft

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This property might be a fair Mid-Term investment with a projected 1.84% first-year return on $55,380 initial cash invested.

1.84%

Cash On Cash

7.72%

Cap Rate

1.18

DSCR

$2,250

Rent

$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,250 income − $2,165 expenses = $85 cash flow

Income$2,250Mortgage P&I$97043%Property Taxes$36716%Insurance$623%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$85

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

$2,250

Total Expenses

$2,165

Mortgage P&I

43%

$970

Property Taxes

16%

$367

Home Insurance

3%

$62

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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