REI Lense

REI Lense

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$2,636 (target)

423 Cherry St, Edwardsville, IL 62025

3 beds • 3 baths • 1868 sqft

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This property might be a fair Long-Term investment with a projected 5.61% first-year return on $51,345 initial cash invested.

5.61%

Cash On Cash

8.42%

Cap Rate

1.28

DSCR

$2,636

Rent

$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,636 income − $2,396 expenses = $240 cash flow

Income$2,636Mortgage P&I$1,34351%Property Taxes$27911%Insurance$883%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%Cash Flow$240

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,345

Downpayment

20%

$48,900

Closing costs

1%

$2,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,636

Total Expenses

$2,396

Mortgage P&I

51%

$1,343

Property Taxes

11%

$279

Home Insurance

3%

$88

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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