REI Lense

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$1,915 (target)

8622 N Cherryville Ln, Mount Vernon, IL 62864

3 beds • 3 baths • 2170 sqft

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This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $85,260 initial cash invested.

-18.56%

Cash On Cash

2.51%

Cap Rate

0.41

DSCR

$1,915

Rent

-$1,319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,915 income − $3,234 expenses = $1,319 out of pocket

Income$1,915Out of Pocket$1,319Mortgage P&I$2,072108%Property Taxes$51427%Insurance$1498%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,260

Downpayment

20%

$81,200

Closing costs

1%

$4,060

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,915

Total Expenses

$3,234

Mortgage P&I

108%

$2,072

Property Taxes

27%

$514

Home Insurance

8%

$149

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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