REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1644 W Homewood Ave, Springfield, IL 62704

3 beds • 4 baths • 6260 sqft

Email

This property looks like a bad Airbnb investment with a projected -5.67% first-year return on $74,658 initial cash invested.

-5.67%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$3,391

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,391 income − $3,744 expenses = $353 out of pocket

Income$3,391Out of Pocket$353Mortgage P&I$1,34740%Property Taxes$67020%Insurance$983%Management$50915%CapEx$1364%Maintenance$1364%Other$84825%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,658

Downpayment

20%

$53,960

Closing costs

1%

$2,698

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,391

Total Expenses

$3,744

Mortgage P&I

40%

$1,347

Property Taxes

20%

$670

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$509

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$848

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis