REI Lense

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$3,918 (target)

513 S Harper Ave, Glenwood, IL 60425

3 beds • 2 baths • 7630 sqft

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This property might be a fair Mid-Term investment with a projected 9.95% first-year return on $64,998 initial cash invested.

9.95%

Cash On Cash

10.27%

Cap Rate

1.57

DSCR

$3,918

Rent

$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,918 income − $3,379 expenses = $539 cash flow

Income$3,918Mortgage P&I$1,22031%Property Taxes$74719%Insurance$792%Management$47012%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43111%Cash Flow$539

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,998

Downpayment

20%

$44,760

Closing costs

1%

$2,238

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,918

Total Expenses

$3,379

Mortgage P&I

31%

$1,220

Property Taxes

19%

$747

Home Insurance

2%

$79

HOA

0%

$0

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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