REI Lense

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$2,436 (target)

713 Oakland Ave, Quincy, IL 62301

3 beds • 2 baths • 1768 sqft

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This property might be a fair Mid-Term investment with a projected 8.47% first-year return on $54,519 initial cash invested.

8.47%

Cash On Cash

9.87%

Cap Rate

1.51

DSCR

$2,436

Rent

$385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,436 income − $2,051 expenses = $385 cash flow

Income$2,436Mortgage P&I$94939%Property Taxes$2129%Insurance$633%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%Cash Flow$385

Investment Breakdown

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Purchase Price

$174k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,519

Downpayment

20%

$34,780

Closing costs

1%

$1,739

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,436

Total Expenses

$2,051

Mortgage P&I

39%

$949

Property Taxes

9%

$212

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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