REI Lense

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$3,686 (target)

515 Preston Ave, Elgin, IL 60120

3 beds • 2 baths • 2275 sqft

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This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $99,375 initial cash invested.

-1.69%

Cash On Cash

6.73%

Cap Rate

1

DSCR

$3,686

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,686 income − $3,826 expenses = $140 out of pocket

Income$3,686Out of Pocket$140Mortgage P&I$2,16759%Property Taxes$2677%Insurance$1404%Management$44212%CapEx$1474%Vacancy$1113%Maintenance$1474%Other$40511%

Investment Breakdown

|

Purchase Price

$388k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,375

Downpayment

20%

$77,500

Closing costs

1%

$3,875

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,686

Total Expenses

$3,826

Mortgage P&I

59%

$2,167

Property Taxes

7%

$267

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$442

CapEx

4%

$147

Vacancy

3%

$111

Maintenance

4%

$147

Other

11%

$405

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