REI Lense

REI Lense

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$2,898 (target)

952 W Grant Dr, Des Plaines, IL 60016

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Long-Term investment with a projected -11.19% first-year return on $94,248 initial cash invested.

-11.19%

Cash On Cash

4.13%

Cap Rate

0.68

DSCR

$2,898

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,898 income − $3,777 expenses = $879 out of pocket

Income$2,898Out of Pocket$879Mortgage P&I$2,27979%Property Taxes$58620%Insurance$1585%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,248

Downpayment

20%

$89,760

Closing costs

1%

$4,488

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,898

Total Expenses

$3,777

Mortgage P&I

79%

$2,279

Property Taxes

20%

$586

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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