REI Lense

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$3,921 (target)

228 N Illinois Ave, Morton, IL 61550

3 beds • 3 baths • 2420 sqft

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This property could be a profitable Mid-Term investment with a projected 16.05% first-year return on $70,521 initial cash invested.

16.05%

Cash On Cash

11.09%

Cap Rate

1.91

DSCR

$3,921

Rent

$943

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,521

Downpayment

20%

$50,020

Closing costs

1%

$2,501

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,921

Total Expenses

$2,978

Mortgage P&I

31%

$1,211

Property Taxes

9%

$344

Home Insurance

2%

$89

HOA

0%

$0

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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