REI Lense

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$2,403 (target)

706 Grove St, Alton, IL 62002

3 beds • 2 baths • 1667 sqft

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This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $58,320 initial cash invested.

3.17%

Cash On Cash

7.91%

Cap Rate

1.25

DSCR

$2,403

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,403 income − $2,249 expenses = $154 cash flow

Income$2,403Mortgage P&I$1,01642%Property Taxes$35615%Insurance$613%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%Cash Flow$154

Investment Breakdown

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Purchase Price

$192k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,320

Downpayment

20%

$38,400

Closing costs

1%

$1,920

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,403

Total Expenses

$2,249

Mortgage P&I

42%

$1,016

Property Taxes

15%

$356

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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