REI Lense

REI Lense

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$1,586 (target)

2705 S Broadway Ave, Salem, IL 62881

3 beds • 3 baths • 1743 sqft

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This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $51,975 initial cash invested.

-6.65%

Cash On Cash

5.41%

Cap Rate

0.84

DSCR

$1,586

Rent

-$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,586 income − $1,874 expenses = $288 out of pocket

Income$1,586Out of Pocket$288Mortgage P&I$1,32584%Property Taxes$503%Insurance$875%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,975

Downpayment

20%

$49,500

Closing costs

1%

$2,475

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,586

Total Expenses

$1,874

Mortgage P&I

84%

$1,325

Property Taxes

3%

$50

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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