REI Lense

REI Lense

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$2,438 (target)

309 Joy Dr, O Fallon, IL 62269

3 beds • 2 baths • 1048 sqft

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This property might be a fair Mid-Term investment with a projected 8.65% first-year return on $55,065 initial cash invested.

8.65%

Cash On Cash

9.72%

Cap Rate

1.53

DSCR

$2,438

Rent

$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $2,041 expenses = $397 cash flow

Income$2,438Mortgage P&I$93538%Property Taxes$23910%Insurance$372%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%Cash Flow$397

Investment Breakdown

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Purchase Price

$177k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,065

Downpayment

20%

$35,300

Closing costs

1%

$1,765

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$2,041

Mortgage P&I

38%

$935

Property Taxes

10%

$239

Home Insurance

2%

$37

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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