REI Lense

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$2,894 (target)

429 N Indiana Ave, Morton, IL 61550

3 beds • 2 baths • 1544 sqft

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This property might be a fair Mid-Term investment with a projected 3.73% first-year return on $66,573 initial cash invested.

3.73%

Cash On Cash

8.32%

Cap Rate

1.25

DSCR

$2,894

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,894 income − $2,687 expenses = $207 cash flow

Income$2,894Mortgage P&I$1,28044%Property Taxes$33912%Insurance$843%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$207

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,573

Downpayment

20%

$46,260

Closing costs

1%

$2,313

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,894

Total Expenses

$2,687

Mortgage P&I

44%

$1,280

Property Taxes

12%

$339

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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