REI Lense

REI Lense

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$1,659 (target)

307 W 6th St, Metropolis, IL 62960

3 beds • 2 baths • 1196 sqft

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This property could be a profitable Long-Term investment with a projected 18.84% first-year return on $25,158 initial cash invested.

18.84%

Cash On Cash

11.15%

Cap Rate

1.75

DSCR

$1,659

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,659 income − $1,264 expenses = $395 cash flow

Income$1,659Mortgage P&I$63538%Property Taxes$1529%Insurance$453%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%Cash Flow$395

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,158

Downpayment

20%

$23,960

Closing costs

1%

$1,198

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,659

Total Expenses

$1,264

Mortgage P&I

38%

$635

Property Taxes

9%

$152

Home Insurance

3%

$45

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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