REI Lense

REI Lense

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$2,122 (target)

249 N Illinois Ave, Morton, IL 61550

3 beds • 2 baths • 2134 sqft

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This property looks like a bad Long-Term investment with a projected -0.57% first-year return on $48,195 initial cash invested.

-0.57%

Cash On Cash

6.78%

Cap Rate

1.07

DSCR

$2,122

Rent

-$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,145 expenses = $23 out of pocket

Income$2,122Out of Pocket$23Mortgage P&I$1,21457%Property Taxes$30014%Insurance$804%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,195

Downpayment

20%

$45,900

Closing costs

1%

$2,295

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,122

Total Expenses

$2,145

Mortgage P&I

57%

$1,214

Property Taxes

14%

$300

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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