REI Lense

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$1,227 (target)

70 Lake St, Galesburg, IL 61401

3 beds • 3 baths • 1188 sqft

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This property might be a fair Long-Term investment with a projected 3.45% first-year return on $25,074 initial cash invested.

3.45%

Cash On Cash

7.62%

Cap Rate

1.21

DSCR

$1,227

Rent

$72

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,227 income − $1,155 expenses = $72 cash flow

Income$1,227Mortgage P&I$62551%Property Taxes$17314%Insurance$383%Management$12310%CapEx$615%Vacancy$746%Maintenance$615%Cash Flow$72

Investment Breakdown

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Purchase Price

$119k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,074

Downpayment

20%

$23,880

Closing costs

1%

$1,194

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,227

Total Expenses

$1,155

Mortgage P&I

51%

$625

Property Taxes

14%

$173

Home Insurance

3%

$38

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$61

Vacancy

6%

$74

Maintenance

5%

$61

Other

0%

$0

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