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$3,102 (target)

509 Willow Pl, Salem, IL 62881

3 beds • 3 baths • 1756 sqft

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This property might be a fair Mid-Term investment with a projected 6.49% first-year return on $65,250 initial cash invested.

6.49%

Cash On Cash

9.08%

Cap Rate

1.39

DSCR

$3,102

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,102 income − $2,749 expenses = $353 cash flow

Income$3,102Mortgage P&I$1,22640%Property Taxes$39013%Insurance$793%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$353

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,102

Total Expenses

$2,749

Mortgage P&I

40%

$1,226

Property Taxes

13%

$390

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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