REI Lense

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$2,488 (target)

516 21st Ave, Moline, IL 61265

3 beds • 3 baths • 1335 sqft

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This property might be a fair Mid-Term investment with a projected 6.61% first-year return on $52,986 initial cash invested.

6.61%

Cash On Cash

9.4%

Cap Rate

1.43

DSCR

$2,488

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,196 expenses = $292 cash flow

Income$2,488Mortgage P&I$91337%Property Taxes$37515%Insurance$602%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$292

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,986

Downpayment

20%

$33,320

Closing costs

1%

$1,666

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,196

Mortgage P&I

37%

$913

Property Taxes

15%

$375

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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