REI Lense

REI Lense

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$1,162 (target)

3010 College Ave, Alton, IL 62002

3 beds • 2 baths • 2404 sqft

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This property looks like a bad Long-Term investment with a projected -21.12% first-year return on $46,137 initial cash invested.

-21.12%

Cash On Cash

2.56%

Cap Rate

0.38

DSCR

$1,162

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,162 income − $1,974 expenses = $812 out of pocket

Income$1,162Out of Pocket$812Mortgage P&I$1,223105%Property Taxes$36932%Insurance$807%Management$11610%CapEx$585%Vacancy$706%Maintenance$585%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,162

Total Expenses

$1,974

Mortgage P&I

105%

$1,223

Property Taxes

32%

$369

Home Insurance

7%

$80

HOA

0%

$0

Property Management

10%

$116

CapEx

5%

$58

Vacancy

6%

$70

Maintenance

5%

$58

Other

0%

$0

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