REI Lense

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$2,132 (target)

409 Springdale Dr, Belleville, IL 62223

3 beds • 2 baths • 1922 sqft

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This property might be a fair Mid-Term investment with a projected 0.31% first-year return on $57,375 initial cash invested.

0.31%

Cash On Cash

7.22%

Cap Rate

1.1

DSCR

$2,132

Rent

$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,132 income − $2,117 expenses = $15 cash flow

Income$2,132Mortgage P&I$1,02848%Property Taxes$29814%Insurance$663%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23511%Cash Flow$15

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,375

Downpayment

20%

$37,500

Closing costs

1%

$1,875

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,132

Total Expenses

$2,117

Mortgage P&I

48%

$1,028

Property Taxes

14%

$298

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$235

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