REI Lense

REI Lense

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$1,219 (target)

903 McPherson Ave, Alton, IL 62002

3 beds • 2 baths • 1216 sqft

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This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $35,490 initial cash invested.

-11.87%

Cash On Cash

4.29%

Cap Rate

0.68

DSCR

$1,219

Rent

-$351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,219 income − $1,570 expenses = $351 out of pocket

Income$1,219Out of Pocket$351Mortgage P&I$89473%Property Taxes$30025%Insurance$595%Management$12210%CapEx$615%Vacancy$736%Maintenance$615%

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,490

Downpayment

20%

$33,800

Closing costs

1%

$1,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,219

Total Expenses

$1,570

Mortgage P&I

73%

$894

Property Taxes

25%

$300

Home Insurance

5%

$59

HOA

0%

$0

Property Management

10%

$122

CapEx

5%

$61

Vacancy

6%

$73

Maintenance

5%

$61

Other

0%

$0

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