REI Lense

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$1,699 (target)

524 S Market St, Marion, IL 62959

3 beds • 2 baths • 2070 sqft

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This property might be a fair Long-Term investment with a projected 3.12% first-year return on $36,120 initial cash invested.

3.12%

Cash On Cash

7.37%

Cap Rate

1.2

DSCR

$1,699

Rent

$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,699 income − $1,605 expenses = $94 cash flow

Income$1,699Mortgage P&I$87752%Property Taxes$18411%Insurance$1026%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%Cash Flow$94

Investment Breakdown

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Purchase Price

$172k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,120

Downpayment

20%

$34,400

Closing costs

1%

$1,720

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,699

Total Expenses

$1,605

Mortgage P&I

52%

$877

Property Taxes

11%

$184

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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