REI Lense

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$2,252 (target)

810 W Longstreet Rd, Marion, IL 62959

3 beds • 2 baths • 1440 sqft

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This property could be a profitable Mid-Term investment with a projected 30.44% first-year return on $36,900 initial cash invested.

30.44%

Cash On Cash

19.77%

Cap Rate

3.25

DSCR

$2,252

Rent

$936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,252 income − $1,316 expenses = $936 cash flow

Income$2,252Mortgage P&I$45720%Property Taxes$613%Insurance$321%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$936

Investment Breakdown

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Purchase Price

$90,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,900

Downpayment

20%

$18,000

Closing costs

1%

$900

Rehab

0%

$0

Furnishing

20%

$18,000

Cashflow

Total Income

$2,252

Total Expenses

$1,316

Mortgage P&I

20%

$457

Property Taxes

3%

$61

Home Insurance

1%

$32

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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