REI Lense

REI Lense

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$2,255 (target)

3223 53rd St #B, Moline, IL 61265

3 beds • 3 baths • 1571 sqft

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This property might be a fair Long-Term investment with a projected 3.63% first-year return on $38,997 initial cash invested.

3.63%

Cash On Cash

8.08%

Cap Rate

1.23

DSCR

$2,255

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,255 income − $2,137 expenses = $118 cash flow

Income$2,255Mortgage P&I$1,02045%Property Taxes$46421%Insurance$663%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%Cash Flow$118

Investment Breakdown

|

Purchase Price

$186k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,997

Downpayment

20%

$37,140

Closing costs

1%

$1,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,255

Total Expenses

$2,137

Mortgage P&I

45%

$1,020

Property Taxes

21%

$464

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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