REI Lense

REI Lense

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$1,741 (target)

742 N Reel Ave, Salem, IL 62881

3 beds • 2 baths • 1482 sqft

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This property looks like a bad Long-Term investment with a projected -2.44% first-year return on $41,391 initial cash invested.

-2.44%

Cash On Cash

6.61%

Cap Rate

1

DSCR

$1,741

Rent

-$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,741 income − $1,825 expenses = $84 out of pocket

Income$1,741Out of Pocket$84Mortgage P&I$1,08262%Property Taxes$21913%Insurance$724%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,391

Downpayment

20%

$39,420

Closing costs

1%

$1,971

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,741

Total Expenses

$1,825

Mortgage P&I

62%

$1,082

Property Taxes

13%

$219

Home Insurance

4%

$72

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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