REI Lense

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$1,735 (target)

2309 Hodges Ave, Granite City, IL 62040

3 beds • 2 baths • 1604 sqft

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This property could be a profitable Long-Term investment with a projected 45.17% first-year return on $17,136 initial cash invested.

45.17%

Cash On Cash

17.28%

Cap Rate

2.65

DSCR

$1,735

Rent

$645

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,735 income − $1,090 expenses = $645 cash flow

Income$1,735Mortgage P&I$44326%Property Taxes$1509%Insurance$453%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%Cash Flow$645

Investment Breakdown

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Purchase Price

$81,600

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$17,136

Downpayment

20%

$16,320

Closing costs

1%

$816

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,735

Total Expenses

$1,090

Mortgage P&I

26%

$443

Property Taxes

9%

$150

Home Insurance

3%

$45

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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