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$3,183 (target)

249 N Illinois Ave, Morton, IL 61550

3 beds • 2 baths • 2134 sqft

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This property might be a fair Mid-Term investment with a projected 9.21% first-year return on $66,195 initial cash invested.

9.21%

Cash On Cash

9.67%

Cap Rate

1.52

DSCR

$3,183

Rent

$508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,183 income − $2,675 expenses = $508 cash flow

Income$3,183Mortgage P&I$1,21438%Property Taxes$3009%Insurance$803%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%Cash Flow$508

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,195

Downpayment

20%

$45,900

Closing costs

1%

$2,295

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,183

Total Expenses

$2,675

Mortgage P&I

38%

$1,214

Property Taxes

9%

$300

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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