REI Lense

REI Lense

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$1,005 (target)

304 E Summit St, Macomb, IL 61455

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Long-Term investment with a projected -2.38% first-year return on $21,147 initial cash invested.

-2.38%

Cash On Cash

6.18%

Cap Rate

1.02

DSCR

$1,005

Rent

-$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,005 income − $1,047 expenses = $42 out of pocket

Income$1,005Out of Pocket$42Mortgage P&I$51151%Property Taxes$23223%Insurance$444%Management$10010%CapEx$505%Vacancy$606%Maintenance$505%

Investment Breakdown

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Purchase Price

$101k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$21,147

Downpayment

20%

$20,140

Closing costs

1%

$1,007

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,005

Total Expenses

$1,047

Mortgage P&I

51%

$511

Property Taxes

23%

$232

Home Insurance

4%

$44

HOA

0%

$0

Property Management

10%

$100

CapEx

5%

$50

Vacancy

6%

$60

Maintenance

5%

$50

Other

0%

$0

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