REI Lense

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$2,172 (target)

500 1st Ave, Mendota, IL 61342

3 beds • 2 baths • 1424 sqft

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This property might be a fair Mid-Term investment with a projected 9.31% first-year return on $46,539 initial cash invested.

9.31%

Cash On Cash

10.3%

Cap Rate

1.62

DSCR

$2,172

Rent

$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,172 income − $1,811 expenses = $361 cash flow

Income$2,172Mortgage P&I$71933%Property Taxes$30514%Insurance$482%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%Cash Flow$361

Investment Breakdown

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Purchase Price

$136k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,539

Downpayment

20%

$27,180

Closing costs

1%

$1,359

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,172

Total Expenses

$1,811

Mortgage P&I

33%

$719

Property Taxes

14%

$305

Home Insurance

2%

$48

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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