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$3,048 (target)

8635 Drake Ave, Skokie, IL 60076

3 beds • 2 baths • 1005 sqft

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This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $106k initial cash invested.

-8.87%

Cash On Cash

4.37%

Cap Rate

0.7

DSCR

$3,048

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,048 income − $3,833 expenses = $785 out of pocket

Income$3,048Out of Pocket$785Mortgage P&I$2,19272%Property Taxes$45815%Insurance$1475%Management$36612%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,980

Closing costs

1%

$4,199

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,048

Total Expenses

$3,833

Mortgage P&I

72%

$2,192

Property Taxes

15%

$458

Home Insurance

5%

$147

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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