REI Lense

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$1,610 (target)

442 31st Ave, East Moline, IL 61244

3 beds • 2 baths • 1204 sqft

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This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $47,103 initial cash invested.

-12.59%

Cash On Cash

4.13%

Cap Rate

0.65

DSCR

$1,610

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,610 income − $2,104 expenses = $494 out of pocket

Income$1,610Out of Pocket$494Mortgage P&I$1,18674%Property Taxes$42026%Insurance$805%Management$16110%CapEx$805%Vacancy$976%Maintenance$805%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,103

Downpayment

20%

$44,860

Closing costs

1%

$2,243

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,610

Total Expenses

$2,104

Mortgage P&I

74%

$1,186

Property Taxes

26%

$420

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$97

Maintenance

5%

$80

Other

0%

$0

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