REI Lense

REI Lense

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$1,681 (target)

516 S 8th St, Herrin, IL 62948

3 beds • 2 baths • 2016 sqft

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This property might be a fair Long-Term investment with a projected 2.17% first-year return on $37,569 initial cash invested.

2.17%

Cash On Cash

7.34%

Cap Rate

1.16

DSCR

$1,681

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,569

Downpayment

20%

$35,780

Closing costs

1%

$1,789

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,681

Total Expenses

$1,613

Mortgage P&I

56%

$942

Property Taxes

10%

$169

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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