REI Lense

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$3,261 (target)

981 Koenig Dr, Godfrey, IL 62035

3 beds • 2 baths • 1796 sqft

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This property might be a fair Mid-Term investment with a projected 4.07% first-year return on $76,863 initial cash invested.

4.07%

Cash On Cash

7.77%

Cap Rate

1.27

DSCR

$3,261

Rent

$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,261 income − $3,000 expenses = $261 cash flow

Income$3,261Mortgage P&I$1,42444%Property Taxes$34311%Insurance$963%HOA$291%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$261

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,863

Downpayment

20%

$56,060

Closing costs

1%

$2,803

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,261

Total Expenses

$3,000

Mortgage P&I

44%

$1,424

Property Taxes

11%

$343

Home Insurance

3%

$96

HOA

1%

$29

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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