REI Lense

REI Lense

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$1,523 (target)

2308 Mimosa Dr, Olney, IL 62450

3 beds • 2 baths • 1148 sqft

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This property could be a profitable Long-Term investment with a projected 28.46% first-year return on $20,790 initial cash invested.

28.46%

Cash On Cash

12.87%

Cap Rate

2.15

DSCR

$1,523

Rent

$493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,523 income − $1,030 expenses = $493 cash flow

Income$1,523Mortgage P&I$49332%Property Taxes$1077%Insurance$352%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%Cash Flow$493

Investment Breakdown

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Purchase Price

$99,000

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,790

Downpayment

20%

$19,800

Closing costs

1%

$990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,523

Total Expenses

$1,030

Mortgage P&I

32%

$493

Property Taxes

7%

$107

Home Insurance

2%

$35

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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