REI Lense

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$2,679 (target)

640 Oak St, Carmi, IL 62821

3 beds • 2 baths • 1750 sqft

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This property might be a fair Mid-Term investment with a projected 0.62% first-year return on $76,905 initial cash invested.

0.62%

Cash On Cash

7.2%

Cap Rate

1.1

DSCR

$2,679

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,679 income − $2,639 expenses = $40 cash flow

Income$2,679Mortgage P&I$1,53657%Property Taxes$1445%Insurance$492%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$40

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,905

Downpayment

20%

$56,100

Closing costs

1%

$2,805

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,679

Total Expenses

$2,639

Mortgage P&I

57%

$1,536

Property Taxes

5%

$144

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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