REI Lense

REI Lense

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$1,505 (target)

3524 N Main St, Rockford, IL 61103

3 beds • 3 baths • 1775 sqft

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This property looks like a bad Long-Term investment with a projected -3.72% first-year return on $36,729 initial cash invested.

-3.72%

Cash On Cash

6.11%

Cap Rate

0.96

DSCR

$1,505

Rent

-$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,505 income − $1,619 expenses = $114 out of pocket

Income$1,505Out of Pocket$114Mortgage P&I$92962%Property Taxes$23916%Insurance$614%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,729

Downpayment

20%

$34,980

Closing costs

1%

$1,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,505

Total Expenses

$1,619

Mortgage P&I

62%

$929

Property Taxes

16%

$239

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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