REI Lense

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$1,986 (target)

301 E Fernwood St, Morton, IL 61550

3 beds • 2 baths • 2238 sqft

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This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $63,756 initial cash invested.

-12.76%

Cash On Cash

4.08%

Cap Rate

0.64

DSCR

$1,986

Rent

-$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $2,664 expenses = $678 out of pocket

Income$1,986Out of Pocket$678Mortgage P&I$1,61281%Property Taxes$43822%Insurance$985%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,664

Mortgage P&I

81%

$1,612

Property Taxes

22%

$438

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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