REI Lense

REI Lense

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$1,351 (target)

2332 Northridge Dr, Quincy, IL 62305

3 beds • 2 baths • 2226 sqft

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This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $49,350 initial cash invested.

-16.12%

Cash On Cash

3.41%

Cap Rate

0.53

DSCR

$1,351

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,351 income − $2,014 expenses = $663 out of pocket

Income$1,351Out of Pocket$663Mortgage P&I$1,26393%Property Taxes$31723%Insurance$826%Management$13510%CapEx$685%Vacancy$816%Maintenance$685%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,351

Total Expenses

$2,014

Mortgage P&I

93%

$1,263

Property Taxes

23%

$317

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$135

CapEx

5%

$68

Vacancy

6%

$81

Maintenance

5%

$68

Other

0%

$0

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