REI Lense

REI Lense

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$4,002 (target)

3305 W Nettle Creek Dr, Morris, IL 60450

3 beds • 3 baths • 2055 sqft

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This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $123k initial cash invested.

-7.12%

Cash On Cash

4.69%

Cap Rate

0.77

DSCR

$4,002

Rent

-$732

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,002 income − $4,734 expenses = $732 out of pocket

Income$4,002Out of Pocket$732Mortgage P&I$2,53263%Property Taxes$65416%Insurance$1804%HOA$8Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

Investment Breakdown

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Purchase Price

$502k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100k

Closing costs

1%

$5,018

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,002

Total Expenses

$4,734

Mortgage P&I

63%

$2,532

Property Taxes

16%

$654

Home Insurance

5%

$180

HOA

0%

$8

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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