REI Lense

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$3,316 (target)

1627 Jackson St, Rockford, IL 61107

3 beds • 3 baths • 1880 sqft

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This property might be a fair Mid-Term investment with a projected 8.62% first-year return on $68,904 initial cash invested.

8.62%

Cash On Cash

9.67%

Cap Rate

1.47

DSCR

$3,316

Rent

$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,316 income − $2,821 expenses = $495 cash flow

Income$3,316Mortgage P&I$1,32640%Property Taxes$2808%Insurance$873%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%Cash Flow$495

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,904

Downpayment

20%

$48,480

Closing costs

1%

$2,424

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,316

Total Expenses

$2,821

Mortgage P&I

40%

$1,326

Property Taxes

8%

$280

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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