REI Lense

REI Lense

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$1,508 (target)

304 E Summit St, Macomb, IL 61455

3 beds • 2 baths • 1380 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $39,147 initial cash invested.

6.41%

Cash On Cash

9.29%

Cap Rate

1.53

DSCR

$1,508

Rent

$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,508 income − $1,299 expenses = $209 cash flow

Income$1,508Mortgage P&I$51134%Property Taxes$23215%Insurance$443%Management$18112%CapEx$604%Vacancy$453%Maintenance$604%Other$16611%Cash Flow$209

Investment Breakdown

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Purchase Price

$101k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,147

Downpayment

20%

$20,140

Closing costs

1%

$1,007

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,508

Total Expenses

$1,299

Mortgage P&I

34%

$511

Property Taxes

15%

$232

Home Insurance

3%

$44

HOA

0%

$0

Property Management

12%

$181

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$166

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