REI Lense

REI Lense

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$2,463 (target)

214 N Point Rd, Fairview Heights, IL 62208

3 beds • 2 baths • 1602 sqft

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This property might be a fair Long-Term investment with a projected 5.81% first-year return on $47,544 initial cash invested.

5.81%

Cash On Cash

8.4%

Cap Rate

1.29

DSCR

$2,463

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $2,233 expenses = $230 cash flow

Income$2,463Mortgage P&I$1,23250%Property Taxes$28111%Insurance$803%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%Cash Flow$230

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,544

Downpayment

20%

$45,280

Closing costs

1%

$2,264

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,463

Total Expenses

$2,233

Mortgage P&I

50%

$1,232

Property Taxes

11%

$281

Home Insurance

3%

$80

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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