REI Lense

REI Lense

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$2,168 (target)

4124 Main St, Kankakee, IL 60901

3 beds • 2 baths • 3200 sqft

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This property looks like a bad Long-Term investment with a projected -10.51% first-year return on $65,982 initial cash invested.

-10.51%

Cash On Cash

4.47%

Cap Rate

0.71

DSCR

$2,168

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,168 income − $2,746 expenses = $578 out of pocket

Income$2,168Out of Pocket$578Mortgage P&I$1,64176%Property Taxes$45021%Insurance$924%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,982

Downpayment

20%

$62,840

Closing costs

1%

$3,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,168

Total Expenses

$2,746

Mortgage P&I

76%

$1,641

Property Taxes

21%

$450

Home Insurance

4%

$92

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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