REI Lense

REI Lense

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$2,290 (target)

510 N Cherry St, O'Fallon, IL 62269

3 beds • 2 baths • 1961 sqft

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This property might be a fair Long-Term investment with a projected 3.39% first-year return on $46,662 initial cash invested.

3.39%

Cash On Cash

7.3%

Cap Rate

1.22

DSCR

$2,290

Rent

$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,158 expenses = $132 cash flow

Income$2,290Mortgage P&I$1,10648%Property Taxes$34215%Insurance$1165%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%Cash Flow$132

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,662

Downpayment

20%

$44,440

Closing costs

1%

$2,222

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,290

Total Expenses

$2,158

Mortgage P&I

48%

$1,106

Property Taxes

15%

$342

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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