REI Lense

REI Lense

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$1,583 (target)

8850 Ridgewood Rd, Rock Island, IL 61201

3 beds • 2 baths • 2402 sqft

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This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $50,379 initial cash invested.

-14.55%

Cash On Cash

3.93%

Cap Rate

0.6

DSCR

$1,583

Rent

-$611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $2,194 expenses = $611 out of pocket

Income$1,583Out of Pocket$611Mortgage P&I$1,31783%Property Taxes$38224%Insurance$845%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,583

Total Expenses

$2,194

Mortgage P&I

83%

$1,317

Property Taxes

24%

$382

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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