REI Lense

REI Lense

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$2,614 (target)

228 N Illinois Ave, Morton, IL 61550

3 beds • 3 baths • 2420 sqft

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This property might be a fair Long-Term investment with a projected 6.63% first-year return on $52,521 initial cash invested.

6.63%

Cash On Cash

7.83%

Cap Rate

1.35

DSCR

$2,614

Rent

$290

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

$52,521

Downpayment

20%

$50,020

Closing costs

1%

$2,501

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,614

Total Expenses

$2,324

Mortgage P&I

46%

$1,211

Property Taxes

13%

$344

Home Insurance

3%

$89

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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