REI Lense

REI Lense

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$2,552 (target)

422 Summit St, Elgin, IL 60120

3 beds • 2 baths • 1998 sqft

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This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $63,735 initial cash invested.

-6.16%

Cash On Cash

5.36%

Cap Rate

0.87

DSCR

$2,552

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,552 income − $2,879 expenses = $327 out of pocket

Income$2,552Out of Pocket$327Mortgage P&I$1,55461%Property Taxes$55322%Insurance$1084%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,735

Downpayment

20%

$60,700

Closing costs

1%

$3,035

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,552

Total Expenses

$2,879

Mortgage P&I

61%

$1,554

Property Taxes

22%

$553

Home Insurance

4%

$108

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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