REI Lense

REI Lense

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$2,175 (target)

508 N Indiana Ave, Salem, IL 62881

3 beds • 2 baths • 2275 sqft

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This property looks like a bad Long-Term investment with a projected -0.12% first-year return on $50,232 initial cash invested.

-0.12%

Cash On Cash

6.97%

Cap Rate

1.08

DSCR

$2,175

Rent

-$5

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,175 income − $2,180 expenses = $5 out of pocket

Income$2,175Out of Pocket$5Mortgage P&I$1,28559%Property Taxes$24111%Insurance$884%Management$21810%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,232

Downpayment

20%

$47,840

Closing costs

1%

$2,392

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,175

Total Expenses

$2,180

Mortgage P&I

59%

$1,285

Property Taxes

11%

$241

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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