REI Lense

REI Lense

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$1,510 (target)

3700 23rd Ave, Rock Island, IL 61201

3 beds • 2 baths • 1290 sqft

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This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $44,940 initial cash invested.

-14.02%

Cash On Cash

3.9%

Cap Rate

0.61

DSCR

$1,510

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,510 income − $2,035 expenses = $525 out of pocket

Income$1,510Out of Pocket$525Mortgage P&I$1,14576%Property Taxes$42028%Insurance$765%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,940

Downpayment

20%

$42,800

Closing costs

1%

$2,140

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,510

Total Expenses

$2,035

Mortgage P&I

76%

$1,145

Property Taxes

28%

$420

Home Insurance

5%

$76

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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