REI Lense

REI Lense

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$2,605 (target)

408 Noah Ln, Carterville, IL 62918

3 beds • 2 baths • 1704 sqft

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This property might be a fair Long-Term investment with a projected 4.45% first-year return on $47,460 initial cash invested.

4.45%

Cash On Cash

8.15%

Cap Rate

1.25

DSCR

$2,605

Rent

$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,605 income − $2,429 expenses = $176 cash flow

Income$2,605Mortgage P&I$1,22947%Property Taxes$44417%Insurance$803%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%Cash Flow$176

Investment Breakdown

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Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,460

Downpayment

20%

$45,200

Closing costs

1%

$2,260

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,605

Total Expenses

$2,429

Mortgage P&I

47%

$1,229

Property Taxes

17%

$444

Home Insurance

3%

$80

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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