REI Lense

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$1,602 (target)

706 Grove St, Alton, IL 62002

3 beds • 2 baths • 1667 sqft

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This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $40,320 initial cash invested.

-7.35%

Cash On Cash

5.31%

Cap Rate

0.84

DSCR

$1,602

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,602 income − $1,849 expenses = $247 out of pocket

Income$1,602Out of Pocket$247Mortgage P&I$1,01663%Property Taxes$35622%Insurance$614%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$192k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,320

Downpayment

20%

$38,400

Closing costs

1%

$1,920

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,602

Total Expenses

$1,849

Mortgage P&I

63%

$1,016

Property Taxes

22%

$356

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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