REI Lense

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$3,158 (target)

1216 Dani Ln, Springfield, IL 62712

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 8.1% first-year return on $64,263 initial cash invested.

8.1%

Cash On Cash

9.5%

Cap Rate

1.47

DSCR

$3,158

Rent

$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,158 income − $2,724 expenses = $434 cash flow

Income$3,158Mortgage P&I$1,18437%Property Taxes$38812%Insurance$793%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$434

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,263

Downpayment

20%

$44,060

Closing costs

1%

$2,203

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,158

Total Expenses

$2,724

Mortgage P&I

37%

$1,184

Property Taxes

12%

$388

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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