REI Lense

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$2,788 (target)

3204 Sunset Ter, Marion, IL 62959

3 beds • 2 baths • 1608 sqft

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This property might be a fair Mid-Term investment with a projected 6.12% first-year return on $61,218 initial cash invested.

6.12%

Cash On Cash

9.02%

Cap Rate

1.38

DSCR

$2,788

Rent

$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,788 income − $2,476 expenses = $312 cash flow

Income$2,788Mortgage P&I$1,12340%Property Taxes$33812%Insurance$652%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$312

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,218

Downpayment

20%

$41,160

Closing costs

1%

$2,058

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,788

Total Expenses

$2,476

Mortgage P&I

40%

$1,123

Property Taxes

12%

$338

Home Insurance

2%

$65

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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