REI Lense

REI Lense

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$2,562 (target)

357 Neola St, Park Forest, IL 60466

3 beds • 2 baths • 1493 sqft

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This property might be a fair Long-Term investment with a projected 6.38% first-year return on $28,770 initial cash invested.

6.38%

Cash On Cash

8.9%

Cap Rate

1.38

DSCR

$2,562

Rent

$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,562 income − $2,409 expenses = $153 cash flow

Income$2,562Mortgage P&I$73529%Property Taxes$95937%Insurance$492%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%Cash Flow$153

Investment Breakdown

|

Purchase Price

$137k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,770

Downpayment

20%

$27,400

Closing costs

1%

$1,370

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,562

Total Expenses

$2,409

Mortgage P&I

29%

$735

Property Taxes

37%

$959

Home Insurance

2%

$49

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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