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$3,828 (target)

422 Summit St, Elgin, IL 60120

3 beds • 2 baths • 1998 sqft

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This property might be a fair Mid-Term investment with a projected 4.58% first-year return on $81,735 initial cash invested.

4.58%

Cash On Cash

7.98%

Cap Rate

1.3

DSCR

$3,828

Rent

$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,828 income − $3,516 expenses = $312 cash flow

Income$3,828Mortgage P&I$1,55441%Property Taxes$55314%Insurance$1083%Management$45912%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42111%Cash Flow$312

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,735

Downpayment

20%

$60,700

Closing costs

1%

$3,035

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,828

Total Expenses

$3,516

Mortgage P&I

41%

$1,554

Property Taxes

14%

$553

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$459

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$421

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