REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

1401 E Lake Shore Dr, Springfield, IL 62712

3 beds • 3 baths • 2212 sqft

Email

This property looks like a bad Airbnb investment with a projected -25.19% first-year return on $142k initial cash invested.

-25.19%

Cash On Cash

-0.11%

Cap Rate

-0.02

DSCR

$2,062

Rent

-$2,981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,905

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,062

Total Expenses

$5,043

Mortgage P&I

138%

$2,846

Property Taxes

46%

$946

Home Insurance

13%

$262

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$516

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Park Place near Lake Springfield

$2,981

$100

2

2

2.81 mi

Feel at home at this 2 Bed 2 Bath house

$2,444

$82

2

2

3.18 mi

Adorable Springfield house

$2,295

$77

2

2

3.18 mi

Farmhouse style with city living near the lake.

$3,011

$101

2

1.5

2.84 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis