REI Lense

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$1,946 (target)

407 S McKinley Ave, Champaign, IL 61821

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $56,910 initial cash invested.

-10.92%

Cash On Cash

4.2%

Cap Rate

0.69

DSCR

$1,946

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,946 income − $2,464 expenses = $518 out of pocket

Income$1,946Out of Pocket$518Mortgage P&I$1,37070%Property Taxes$49726%Insurance$915%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,910

Downpayment

20%

$54,200

Closing costs

1%

$2,710

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,946

Total Expenses

$2,464

Mortgage P&I

70%

$1,370

Property Taxes

26%

$497

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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