REI Lense

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$2,032 (target)

8635 Drake Ave, Skokie, IL 60076

3 beds • 2 baths • 1005 sqft

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This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $88,179 initial cash invested.

-17.61%

Cash On Cash

2.86%

Cap Rate

0.46

DSCR

$2,032

Rent

-$1,294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,032 income − $3,326 expenses = $1,294 out of pocket

Income$2,032Out of Pocket$1,294Mortgage P&I$2,192108%Property Taxes$45823%Insurance$1477%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,179

Downpayment

20%

$83,980

Closing costs

1%

$4,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,032

Total Expenses

$3,326

Mortgage P&I

108%

$2,192

Property Taxes

23%

$458

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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