REI Lense

REI Lense

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$1,381 (target)

8340 N Cherryville Ln, Mount Vernon, IL 62864

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $48,363 initial cash invested.

-14.02%

Cash On Cash

3.94%

Cap Rate

0.6

DSCR

$1,381

Rent

-$565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,381 income − $1,946 expenses = $565 out of pocket

Income$1,381Out of Pocket$565Mortgage P&I$1,25291%Property Taxes$25318%Insurance$826%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,363

Downpayment

20%

$46,060

Closing costs

1%

$2,303

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,381

Total Expenses

$1,946

Mortgage P&I

91%

$1,252

Property Taxes

18%

$253

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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