REI Lense

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$3,843 (target)

8 Harmin Ln, Collinsville, IL 62234

3 beds • 3 baths • 2165 sqft

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This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $114k initial cash invested.

-5.48%

Cash On Cash

5.09%

Cap Rate

0.84

DSCR

$3,843

Rent

-$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,843 income − $4,364 expenses = $521 out of pocket

Income$3,843Out of Pocket$521Mortgage P&I$2,30860%Property Taxes$58315%Insurance$1664%Management$46112%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42311%

Investment Breakdown

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Purchase Price

$457k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,480

Closing costs

1%

$4,574

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,843

Total Expenses

$4,364

Mortgage P&I

60%

$2,308

Property Taxes

15%

$583

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$461

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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