REI Lense

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$1,481 (target)

1524 Maureen Ct, Springfield, IL 62702

3 beds • 2 baths • 1264 sqft

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This property looks like a bad Long-Term investment with a projected -5.69% first-year return on $37,548 initial cash invested.

-5.69%

Cash On Cash

5.64%

Cap Rate

0.89

DSCR

$1,481

Rent

-$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,481 income − $1,659 expenses = $178 out of pocket

Income$1,481Out of Pocket$178Mortgage P&I$94464%Property Taxes$27419%Insurance$564%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,548

Downpayment

20%

$35,760

Closing costs

1%

$1,788

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,481

Total Expenses

$1,659

Mortgage P&I

64%

$944

Property Taxes

19%

$274

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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