REI Lense

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$3,568 (target)

405 E North St, Manhattan, IL 60442

3 beds • 2 baths • 0 sqft

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This property might be a fair Mid-Term investment with a projected 2.64% first-year return on $86,775 initial cash invested.

2.64%

Cash On Cash

7.1%

Cap Rate

1.21

DSCR

$3,568

Rent

$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,568 income − $3,377 expenses = $191 cash flow

Income$3,568Mortgage P&I$1,60445%Property Taxes$44412%Insurance$1163%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%Cash Flow$191

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,568

Total Expenses

$3,377

Mortgage P&I

45%

$1,604

Property Taxes

12%

$444

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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