REI Lense

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$2,544 (target)

1623 Jackson St, Rockford, IL 61107

3 beds • 2 baths • 1956 sqft

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This property might be a fair Mid-Term investment with a projected 0.82% first-year return on $68,379 initial cash invested.

0.82%

Cash On Cash

7.26%

Cap Rate

1.11

DSCR

$2,544

Rent

$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $2,497 expenses = $47 cash flow

Income$2,544Mortgage P&I$1,30351%Property Taxes$24510%Insurance$843%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$47

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,544

Total Expenses

$2,497

Mortgage P&I

51%

$1,303

Property Taxes

10%

$245

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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