REI Lense

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$1,788 (target)

309 E 3rd South St, Mount Olive, IL 62069

3 beds • 2 baths • 1920 sqft

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This property might be a fair Mid-Term investment with a projected 6.44% first-year return on $51,075 initial cash invested.

6.44%

Cash On Cash

8.98%

Cap Rate

1.42

DSCR

$1,788

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,788 income − $1,514 expenses = $274 cash flow

Income$1,788Mortgage P&I$83347%Property Taxes$161%Insurance$553%Management$21512%CapEx$724%Vacancy$543%Maintenance$724%Other$19711%Cash Flow$274

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,075

Downpayment

20%

$31,500

Closing costs

1%

$1,575

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,788

Total Expenses

$1,514

Mortgage P&I

47%

$833

Property Taxes

1%

$16

Home Insurance

3%

$55

HOA

0%

$0

Property Management

12%

$215

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$197

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