REI Lense

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$2,678 (target)

4035 216th St, Matteson, IL 60443

3 beds • 2 baths • 1360 sqft

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This property might be a fair Long-Term investment with a projected 3.6% first-year return on $51,345 initial cash invested.

3.6%

Cash On Cash

7.45%

Cap Rate

1.23

DSCR

$2,678

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $2,524 expenses = $154 cash flow

Income$2,678Mortgage P&I$1,22946%Property Taxes$48318%Insurance$1154%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%Cash Flow$154

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,345

Downpayment

20%

$48,900

Closing costs

1%

$2,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,678

Total Expenses

$2,524

Mortgage P&I

46%

$1,229

Property Taxes

18%

$483

Home Insurance

4%

$115

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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