REI Lense

REI Lense

$2,685 (target)

645 Winfield Dr, South Beloit, IL 61080

3 beds • 2 baths • 1272 sqft

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This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $65,607 initial cash invested.

0.66%

Cash On Cash

7.52%

Cap Rate

1.11

DSCR

$2,685

Rent

$36

Cashflow

Cash Flow

$2,685 income − $2,649 expenses = $36 cash flow

Income$2,685P&I$1,27848%Taxes$37914%Insurance$803%Mgmt$32212%CapEx$1074%Vacancy$813%Maint.$1074%Other$29511%Cash Flow$36

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,607

Downpayment

20%

$45,340

Closing costs

1%

$2,267

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$2,649

Mortgage P&I

48%

$1,278

Property Taxes

14%

$379

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

See South Beloit, IL mid-term rental market →

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