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1401 E Lake Shore Dr, Springfield, IL 62712

3 beds • 3 baths • 2212 sqft

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This property looks like a bad Long-Term investment with a projected -27.63% first-year return on $124k initial cash invested.

-27.63%

Cash On Cash

0.15%

Cap Rate

0.03

DSCR

$1,620

Rent

-$2,855

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

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,905

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,620

Total Expenses

$4,475

Mortgage P&I

176%

$2,846

Property Taxes

58%

$946

Home Insurance

16%

$262

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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