REI Lense

REI Lense

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$1,992 (target)

618 E Macomb St, Belvidere, IL 61008

3 beds • 3 baths • 1794 sqft

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This property looks like a bad Long-Term investment with a projected -3.78% first-year return on $45,675 initial cash invested.

-3.78%

Cash On Cash

6.15%

Cap Rate

0.96

DSCR

$1,992

Rent

-$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,675

Downpayment

20%

$43,500

Closing costs

1%

$2,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,992

Total Expenses

$2,136

Mortgage P&I

58%

$1,159

Property Taxes

19%

$381

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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