REI Lense

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$1,930 (target)

303 W 1st South St, Mount Olive, IL 62069

3 beds • 2 baths • 1890 sqft

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This property might be a fair Mid-Term investment with a projected 7.9% first-year return on $50,571 initial cash invested.

7.9%

Cash On Cash

9.51%

Cap Rate

1.5

DSCR

$1,930

Rent

$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $1,597 expenses = $333 cash flow

Income$1,930Mortgage P&I$81942%Property Taxes$663%Insurance$563%Management$23212%CapEx$774%Vacancy$583%Maintenance$774%Other$21211%Cash Flow$333

Investment Breakdown

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Purchase Price

$155k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,571

Downpayment

20%

$31,020

Closing costs

1%

$1,551

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,930

Total Expenses

$1,597

Mortgage P&I

42%

$819

Property Taxes

3%

$66

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$232

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$212

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