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1388 Melwood Dr, Rockford, IL 61108

3 beds • 2 baths • 3424 sqft

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This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $113k initial cash invested.

-7.01%

Cash On Cash

4.45%

Cap Rate

0.76

DSCR

$3,446

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,446

Total Expenses

$4,103

Mortgage P&I

63%

$2,187

Property Taxes

17%

$586

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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