REI Lense

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$2,379 (target)

2705 S Broadway Ave, Salem, IL 62881

3 beds • 3 baths • 1743 sqft

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This property might be a fair Mid-Term investment with a projected 1.87% first-year return on $69,975 initial cash invested.

1.87%

Cash On Cash

7.41%

Cap Rate

1.15

DSCR

$2,379

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,379 income − $2,270 expenses = $109 cash flow

Income$2,379Mortgage P&I$1,32556%Property Taxes$502%Insurance$874%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%Cash Flow$109

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,975

Downpayment

20%

$49,500

Closing costs

1%

$2,475

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,379

Total Expenses

$2,270

Mortgage P&I

56%

$1,325

Property Taxes

2%

$50

Home Insurance

4%

$87

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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