REI Lense

REI Lense

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$2,763 (target)

109 Basswood Rd, Springfield, IL 62712

3 beds • 2 baths • 1660 sqft

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This property might be a fair Long-Term investment with a projected 5.99% first-year return on $52,479 initial cash invested.

5.99%

Cash On Cash

8.47%

Cap Rate

1.29

DSCR

$2,763

Rent

$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $2,501 expenses = $262 cash flow

Income$2,763Mortgage P&I$1,36449%Property Taxes$33112%Insurance$883%Management$27610%CapEx$1385%Vacancy$1666%Maintenance$1385%Cash Flow$262

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,763

Total Expenses

$2,501

Mortgage P&I

49%

$1,364

Property Taxes

12%

$331

Home Insurance

3%

$88

HOA

0%

$0

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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