REI Lense

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$2,973 (target)

415 Ridgecrest Dr, Washington, IL 61571

3 beds • 2 baths • 1788 sqft

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This property might be a fair Mid-Term investment with a projected 2.1% first-year return on $70,794 initial cash invested.

2.1%

Cash On Cash

7.51%

Cap Rate

1.18

DSCR

$2,973

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,973 income − $2,849 expenses = $124 cash flow

Income$2,973Mortgage P&I$1,33145%Property Taxes$42814%Insurance$793%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%Cash Flow$124

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,794

Downpayment

20%

$50,280

Closing costs

1%

$2,514

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,973

Total Expenses

$2,849

Mortgage P&I

45%

$1,331

Property Taxes

14%

$428

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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