REI Lense

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$1,670 (target)

21 Mills Cart Rd, Salem, IL 62881

3 beds • 2 baths • 1373 sqft

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This property might be a fair Long-Term investment with a projected 0.29% first-year return on $37,779 initial cash invested.

0.29%

Cash On Cash

7.17%

Cap Rate

1.09

DSCR

$1,670

Rent

$9

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,670 income − $1,661 expenses = $9 cash flow

Income$1,670Mortgage P&I$98259%Property Taxes$18111%Insurance$634%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%Cash Flow$9

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,670

Total Expenses

$1,661

Mortgage P&I

59%

$982

Property Taxes

11%

$181

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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