REI Lense

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$2,259 (target)

996 Forest Ave, Marion, IL 62959

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $72,663 initial cash invested.

-5.86%

Cash On Cash

5.04%

Cap Rate

0.81

DSCR

$2,259

Rent

-$355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $2,614 expenses = $355 out of pocket

Income$2,259Out of Pocket$355Mortgage P&I$1,35960%Property Taxes$39017%Insurance$944%HOA$4Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,663

Downpayment

20%

$52,060

Closing costs

1%

$2,603

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,259

Total Expenses

$2,614

Mortgage P&I

60%

$1,359

Property Taxes

17%

$390

Home Insurance

4%

$94

HOA

0%

$4

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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