REI Lense

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$2,374 (target)

8850 Ridgewood Rd, Rock Island, IL 61201

3 beds • 2 baths • 2402 sqft

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This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $68,379 initial cash invested.

-3.79%

Cash On Cash

5.98%

Cap Rate

0.91

DSCR

$2,374

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,374 income − $2,590 expenses = $216 out of pocket

Income$2,374Out of Pocket$216Mortgage P&I$1,31755%Property Taxes$38216%Insurance$844%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,374

Total Expenses

$2,590

Mortgage P&I

55%

$1,317

Property Taxes

16%

$382

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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