REI Lense

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$2,145 (target)

3608 Andrews Ct, Salem, IL 62881

3 beds • 3 baths • 1910 sqft

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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $59,850 initial cash invested.

-5.99%

Cash On Cash

5.22%

Cap Rate

0.87

DSCR

$2,145

Rent

-$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,145 income − $2,444 expenses = $299 out of pocket

Income$2,145Out of Pocket$299Mortgage P&I$1,43267%Property Taxes$35016%Insurance$1055%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,145

Total Expenses

$2,444

Mortgage P&I

67%

$1,432

Property Taxes

16%

$350

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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