REI Lense

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$6,138 (target)

8113 Central Ave, Morton Grove, IL 60053

3 beds • 2 baths • 2028 sqft

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This property might be a fair Mid-Term investment with a projected 8.85% first-year return on $104k initial cash invested.

8.85%

Cash On Cash

9.09%

Cap Rate

1.48

DSCR

$6,138

Rent

$767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,138 income − $5,371 expenses = $767 cash flow

Income$6,138Mortgage P&I$2,09134%Property Taxes$1,05217%Insurance$1402%Management$73712%CapEx$2464%Vacancy$1843%Maintenance$2464%Other$67511%Cash Flow$767

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,940

Closing costs

1%

$4,097

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$6,138

Total Expenses

$5,371

Mortgage P&I

34%

$2,091

Property Taxes

17%

$1,052

Home Insurance

2%

$140

HOA

0%

$0

Property Management

12%

$737

CapEx

4%

$246

Vacancy

3%

$184

Maintenance

4%

$246

Other

11%

$675

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