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$2,949 (target)

1507 Gorham Pl, Rockford, IL 61107

3 beds • 2 baths • 1454 sqft

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This property could be a profitable Mid-Term investment with a projected 15.8% first-year return on $53,154 initial cash invested.

15.8%

Cash On Cash

12.3%

Cap Rate

1.91

DSCR

$2,949

Rent

$700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,949 income − $2,249 expenses = $700 cash flow

Income$2,949Mortgage P&I$89830%Property Taxes$29010%Insurance$592%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$700

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,154

Downpayment

20%

$33,480

Closing costs

1%

$1,674

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,949

Total Expenses

$2,249

Mortgage P&I

30%

$898

Property Taxes

10%

$290

Home Insurance

2%

$59

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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