REI Lense

REI Lense

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$1,506 (target)

4581 Hotze Rd, Salem, IL 62881

3 beds • 2 baths • 1839 sqft

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This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $55,590 initial cash invested.

-2.22%

Cash On Cash

6.22%

Cap Rate

0.96

DSCR

$1,506

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,506 income − $1,609 expenses = $103 out of pocket

Income$1,506Out of Pocket$103Mortgage P&I$97164%Property Taxes$634%Insurance$634%Management$18112%CapEx$604%Vacancy$453%Maintenance$604%Other$16611%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,506

Total Expenses

$1,609

Mortgage P&I

64%

$971

Property Taxes

4%

$63

Home Insurance

4%

$63

HOA

0%

$0

Property Management

12%

$181

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$166

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