REI Lense

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$1,656 (target)

2928 N Sterling Ave, Peoria, IL 61604

3 beds • 2 baths • 1274 sqft

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This property might be a fair Mid-Term investment with a projected 7.73% first-year return on $43,179 initial cash invested.

7.73%

Cash On Cash

9.58%

Cap Rate

1.56

DSCR

$1,656

Rent

$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,656 income − $1,378 expenses = $278 cash flow

Income$1,656Mortgage P&I$61337%Property Taxes$16010%Insurance$423%Management$19912%CapEx$664%Vacancy$503%Maintenance$664%Other$18211%Cash Flow$278

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,179

Downpayment

20%

$23,980

Closing costs

1%

$1,199

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,656

Total Expenses

$1,378

Mortgage P&I

37%

$613

Property Taxes

10%

$160

Home Insurance

3%

$42

HOA

0%

$0

Property Management

12%

$199

CapEx

4%

$66

Vacancy

3%

$50

Maintenance

4%

$66

Other

11%

$182

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