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$2,649 (target)

29 N Michigan Ave, Belleville, IL 62221

3 beds • 3 baths • 1788 sqft

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This property might be a fair Mid-Term investment with a projected 4.08% first-year return on $62,100 initial cash invested.

4.08%

Cash On Cash

8.43%

Cap Rate

1.27

DSCR

$2,649

Rent

$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $2,438 expenses = $211 cash flow

Income$2,649Mortgage P&I$1,15844%Property Taxes$30011%Insurance$803%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$211

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$2,438

Mortgage P&I

44%

$1,158

Property Taxes

11%

$300

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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