REI Lense

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$2,805 (target)

8950 Hoover Rd, Rock Falls, IL 61071

3 beds • 2 baths • 1672 sqft

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This property might be a fair Mid-Term investment with a projected 9.02% first-year return on $57,186 initial cash invested.

9.02%

Cash On Cash

9.88%

Cap Rate

1.55

DSCR

$2,805

Rent

$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $2,375 expenses = $430 cash flow

Income$2,805Mortgage P&I$99435%Property Taxes$36113%Insurance$662%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%Cash Flow$430

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,186

Downpayment

20%

$37,320

Closing costs

1%

$1,866

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$2,375

Mortgage P&I

35%

$994

Property Taxes

13%

$361

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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