REI Lense

REI Lense

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Target property

610 McClure Ave, Elgin, IL 60123

3 beds • 2 baths • 1012 sqft

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This property looks like a bad Airbnb investment with a projected -30.23% first-year return on $80,475 initial cash invested.

-30.23%

Cash On Cash

-2.17%

Cap Rate

-0.36

DSCR

$0

Rent

-$2,027

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,027 expenses = $2,027 out of pocket

Income$0Out of Pocket$2,027Mortgage P&I$1,488Property Taxes$434Insurance$105

Investment Breakdown

|

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

$0

Total Expenses

$2,027

Mortgage P&I

14880000%

$1,488

Property Taxes

4340000%

$434

Home Insurance

1050000%

$105

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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