REI Lense

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$1,986 (target)

548 Scotch Elm Ln, Galesburg, IL 61401

3 beds • 3 baths • 2536 sqft

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This property might be a fair Long-Term investment with a projected 4.27% first-year return on $39,606 initial cash invested.

4.27%

Cash On Cash

7.97%

Cap Rate

1.24

DSCR

$1,986

Rent

$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $1,845 expenses = $141 cash flow

Income$1,986Mortgage P&I$1,01251%Property Taxes$26813%Insurance$492%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%Cash Flow$141

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,606

Downpayment

20%

$37,720

Closing costs

1%

$1,886

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$1,845

Mortgage P&I

51%

$1,012

Property Taxes

13%

$268

Home Insurance

2%

$49

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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