REI Lense

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$2,344 (target)

402 Sheridan Rd, Pekin, IL 61554

3 beds • 2 baths • 1671 sqft

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This property might be a fair Mid-Term investment with a projected 9.43% first-year return on $53,679 initial cash invested.

9.43%

Cash On Cash

10.13%

Cap Rate

1.56

DSCR

$2,344

Rent

$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,344 income − $1,922 expenses = $422 cash flow

Income$2,344Mortgage P&I$91839%Property Taxes$1476%Insurance$603%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$422

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,679

Downpayment

20%

$33,980

Closing costs

1%

$1,699

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,344

Total Expenses

$1,922

Mortgage P&I

39%

$918

Property Taxes

6%

$147

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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