REI Lense

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$2,598 (target)

1605 S Douglas Ave, Springfield, IL 62704

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $67,539 initial cash invested.

-0.92%

Cash On Cash

6.77%

Cap Rate

1.04

DSCR

$2,598

Rent

-$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $2,650 expenses = $52 out of pocket

Income$2,598Out of Pocket$52Mortgage P&I$1,27949%Property Taxes$40115%Insurance$863%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,539

Downpayment

20%

$47,180

Closing costs

1%

$2,359

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,598

Total Expenses

$2,650

Mortgage P&I

49%

$1,279

Property Taxes

15%

$401

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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