REI Lense

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$1,858 (target)

218 Garfield Ave, Galesburg, IL 61401

3 beds • 2 baths • 1424 sqft

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This property might be a fair Mid-Term investment with a projected 7.52% first-year return on $44,523 initial cash invested.

7.52%

Cash On Cash

10.26%

Cap Rate

1.49

DSCR

$1,858

Rent

$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $1,579 expenses = $279 cash flow

Income$1,858Mortgage P&I$72739%Property Taxes$18110%Insurance$402%Management$22312%CapEx$744%Vacancy$563%Maintenance$744%Other$20411%Cash Flow$279

Investment Breakdown

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Purchase Price

$126k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,523

Downpayment

20%

$25,260

Closing costs

1%

$1,263

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,858

Total Expenses

$1,579

Mortgage P&I

39%

$727

Property Taxes

10%

$181

Home Insurance

2%

$40

HOA

0%

$0

Property Management

12%

$223

CapEx

4%

$74

Vacancy

3%

$56

Maintenance

4%

$74

Other

11%

$204

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