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3311 Lafayette St, Elgin, IL 60124

3 beds • 3 baths • 2522 sqft

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This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $119k initial cash invested.

-2.38%

Cash On Cash

5.83%

Cap Rate

0.98

DSCR

$4,896

Rent

-$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,720

Closing costs

1%

$4,786

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,896

Total Expenses

$5,131

Mortgage P&I

48%

$2,366

Property Taxes

18%

$896

Home Insurance

3%

$168

HOA

1%

$35

Property Management

12%

$588

CapEx

4%

$196

Vacancy

3%

$147

Maintenance

4%

$196

Other

11%

$539

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