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$3,574 (target)

1651 Winterwheat Dr, Belvidere, IL 61008

3 beds • 2 baths • 1580 sqft

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This property might be a fair Mid-Term investment with a projected 3.35% first-year return on $77,829 initial cash invested.

3.35%

Cash On Cash

7.56%

Cap Rate

1.25

DSCR

$3,574

Rent

$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,574 income − $3,357 expenses = $217 cash flow

Income$3,574Mortgage P&I$1,43540%Property Taxes$60717%Insurance$1003%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%Cash Flow$217

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,574

Total Expenses

$3,357

Mortgage P&I

40%

$1,435

Property Taxes

17%

$607

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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