REI Lense

REI Lense

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$2,720 (target)

610 McClure Ave, Elgin, IL 60123

3 beds • 2 baths • 1012 sqft

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This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $80,475 initial cash invested.

-3.46%

Cash On Cash

5.51%

Cap Rate

0.92

DSCR

$2,720

Rent

-$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $2,952 expenses = $232 out of pocket

Income$2,720Out of Pocket$232Mortgage P&I$1,48855%Property Taxes$43416%Insurance$1054%Management$32612%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,475

Downpayment

20%

$59,500

Closing costs

1%

$2,975

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$2,952

Mortgage P&I

55%

$1,488

Property Taxes

16%

$434

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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