REI Lense

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$1,116 (target)

309 E Franklin St, Macomb, IL 61455

3 beds • 2 baths • 1376 sqft

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This property might be a fair Long-Term investment with a projected 8.75% first-year return on $17,682 initial cash invested.

8.75%

Cash On Cash

8.89%

Cap Rate

1.42

DSCR

$1,116

Rent

$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,116 income − $987 expenses = $129 cash flow

Income$1,116Mortgage P&I$43939%Property Taxes$21519%Insurance$424%Management$11210%CapEx$565%Vacancy$676%Maintenance$565%Cash Flow$129

Investment Breakdown

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Purchase Price

$84,200

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$17,682

Downpayment

20%

$16,840

Closing costs

1%

$842

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,116

Total Expenses

$987

Mortgage P&I

39%

$439

Property Taxes

19%

$215

Home Insurance

4%

$42

HOA

0%

$0

Property Management

10%

$112

CapEx

5%

$56

Vacancy

6%

$67

Maintenance

5%

$56

Other

0%

$0

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