REI Lense

REI Lense

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$3,197 (target)

296 Snowdrop Ln, Elgin, IL 60124

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $119k initial cash invested.

-19.03%

Cash On Cash

2.71%

Cap Rate

0.43

DSCR

$3,197

Rent

-$1,882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,197 income − $5,079 expenses = $1,882 out of pocket

Income$3,197Out of Pocket$1,882Mortgage P&I$3,00094%Property Taxes$1,01232%Insurance$1986%HOA$371%Management$32010%CapEx$1605%Vacancy$1926%Maintenance$1605%

Investment Breakdown

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Purchase Price

$565k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$113k

Closing costs

1%

$5,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,197

Total Expenses

$5,079

Mortgage P&I

94%

$3,000

Property Taxes

32%

$1,012

Home Insurance

6%

$198

HOA

1%

$37

Property Management

10%

$320

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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