REI Lense

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$2,304 (target)

444 Forest Ave, Rockford, IL 61101

3 beds • 2 baths • 875 sqft

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This property could be a profitable Mid-Term investment with a projected 24.91% first-year return on $41,100 initial cash invested.

24.91%

Cash On Cash

16.41%

Cap Rate

2.69

DSCR

$2,304

Rent

$853

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $1,451 expenses = $853 cash flow

Income$2,304Mortgage P&I$55924%Property Taxes$723%Insurance$382%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$853

Investment Breakdown

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Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,100

Downpayment

20%

$22,000

Closing costs

1%

$1,100

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$2,304

Total Expenses

$1,451

Mortgage P&I

24%

$559

Property Taxes

3%

$72

Home Insurance

2%

$38

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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