REI Lense

REI Lense

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$1,425 (target)

2509 Alfaretta Ave, Alton, IL 62002

3 beds • 2 baths • 1232 sqft

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This property might be a fair Long-Term investment with a projected 1.67% first-year return on $29,484 initial cash invested.

1.67%

Cash On Cash

7.35%

Cap Rate

1.15

DSCR

$1,425

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,425 income − $1,384 expenses = $41 cash flow

Income$1,425Mortgage P&I$74852%Property Taxes$20915%Insurance$574%Management$14210%CapEx$715%Vacancy$866%Maintenance$715%Cash Flow$41

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,484

Downpayment

20%

$28,080

Closing costs

1%

$1,404

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,425

Total Expenses

$1,384

Mortgage P&I

52%

$748

Property Taxes

15%

$209

Home Insurance

4%

$57

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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