REI Lense

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$2,979 (target)

301 E Fernwood St, Morton, IL 61550

3 beds • 2 baths • 2238 sqft

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This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $81,756 initial cash invested.

-2.66%

Cash On Cash

6.13%

Cap Rate

0.96

DSCR

$2,979

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $3,160 expenses = $181 out of pocket

Income$2,979Out of Pocket$181Mortgage P&I$1,61254%Property Taxes$43815%Insurance$983%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$3,160

Mortgage P&I

54%

$1,612

Property Taxes

15%

$438

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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