REI Lense

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$2,822 (target)

3101 N College Ave, Quincy, IL 62301

3 beds • 2 baths • 1786 sqft

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This property could be a profitable Mid-Term investment with a projected 12.92% first-year return on $61,470 initial cash invested.

12.92%

Cash On Cash

10.9%

Cap Rate

1.7

DSCR

$2,822

Rent

$662

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,470

Downpayment

20%

$41,400

Closing costs

1%

$2,070

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$2,160

Mortgage P&I

39%

$1,105

Property Taxes

1%

$20

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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