REI Lense

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$1,743 (target)

3010 College Ave, Alton, IL 62002

3 beds • 2 baths • 2404 sqft

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This property looks like a bad Mid-Term investment with a projected -9.77% first-year return on $64,137 initial cash invested.

-9.77%

Cash On Cash

4.21%

Cap Rate

0.63

DSCR

$1,743

Rent

-$522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,743 income − $2,265 expenses = $522 out of pocket

Income$1,743Out of Pocket$522Mortgage P&I$1,22370%Property Taxes$36921%Insurance$805%Management$20912%CapEx$704%Vacancy$523%Maintenance$704%Other$19211%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,743

Total Expenses

$2,265

Mortgage P&I

70%

$1,223

Property Taxes

21%

$369

Home Insurance

5%

$80

HOA

0%

$0

Property Management

12%

$209

CapEx

4%

$70

Vacancy

3%

$52

Maintenance

4%

$70

Other

11%

$192

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