REI Lense

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$2,836 (target)

380 Northwood Ln, Salem, IL 62881

3 beds • 2 baths • 1634 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $68,526 initial cash invested.

3.71%

Cash On Cash

8.14%

Cap Rate

1.25

DSCR

$2,836

Rent

$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $2,624 expenses = $212 cash flow

Income$2,836Mortgage P&I$1,30746%Property Taxes$2679%Insurance$873%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$212

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,526

Downpayment

20%

$48,120

Closing costs

1%

$2,406

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,624

Mortgage P&I

46%

$1,307

Property Taxes

9%

$267

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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