REI Lense

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$2,276 (target)

226 E Penning Ave, Wood River, IL 62095

3 beds • 2 baths • 1540 sqft

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This property might be a fair Mid-Term investment with a projected 4.72% first-year return on $57,207 initial cash invested.

4.72%

Cash On Cash

8.47%

Cap Rate

1.32

DSCR

$2,276

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,051 expenses = $225 cash flow

Income$2,276Mortgage P&I$1,00244%Property Taxes$2109%Insurance$663%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$225

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,207

Downpayment

20%

$37,340

Closing costs

1%

$1,867

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$2,051

Mortgage P&I

44%

$1,002

Property Taxes

9%

$210

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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