REI Lense

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$3,579 (target)

344 N Worth Ave, Elgin, IL 60123

3 beds • 2 baths • 1277 sqft

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This property might be a fair Mid-Term investment with a projected 3.27% first-year return on $82,617 initial cash invested.

3.27%

Cash On Cash

7.49%

Cap Rate

1.24

DSCR

$3,579

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,579 income − $3,354 expenses = $225 cash flow

Income$3,579Mortgage P&I$1,55243%Property Taxes$47813%Insurance$1083%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39411%Cash Flow$225

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,617

Downpayment

20%

$61,540

Closing costs

1%

$3,077

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,579

Total Expenses

$3,354

Mortgage P&I

43%

$1,552

Property Taxes

13%

$478

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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