REI Lense

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$2,484 (target)

409 April Ave, Carmi, IL 62821

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 2.83% first-year return on $64,053 initial cash invested.

2.83%

Cash On Cash

7.79%

Cap Rate

1.21

DSCR

$2,484

Rent

$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,484 income − $2,333 expenses = $151 cash flow

Income$2,484Mortgage P&I$1,17347%Property Taxes$23610%Insurance$803%Management$29812%CapEx$994%Vacancy$753%Maintenance$994%Other$27311%Cash Flow$151

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,053

Downpayment

20%

$43,860

Closing costs

1%

$2,193

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,484

Total Expenses

$2,333

Mortgage P&I

47%

$1,173

Property Taxes

10%

$236

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$75

Maintenance

4%

$99

Other

11%

$273

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