REI Lense

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$1,530 (target)

309 W 11th St, Metropolis, IL 62960

3 beds • 3 baths • 1602 sqft

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This property could be a profitable Long-Term investment with a projected 10.27% first-year return on $30,954 initial cash invested.

10.27%

Cash On Cash

9.32%

Cap Rate

1.42

DSCR

$1,530

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,530 income − $1,265 expenses = $265 cash flow

Income$1,530Mortgage P&I$80453%Property Taxes$101%Insurance$544%Management$15310%CapEx$765%Vacancy$926%Maintenance$765%Cash Flow$265

Investment Breakdown

|

Purchase Price

$147k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,954

Downpayment

20%

$29,480

Closing costs

1%

$1,474

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,530

Total Expenses

$1,265

Mortgage P&I

53%

$804

Property Taxes

1%

$10

Home Insurance

4%

$54

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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