REI Lense

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1724 S Lowell Ave, Springfield, IL 62704

3 beds • 2 baths • 1807 sqft

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This property looks like a bad Airbnb investment with a projected -3.94% first-year return on $59,391 initial cash invested.

-3.94%

Cash On Cash

5.81%

Cap Rate

0.91

DSCR

$2,448

Rent

-$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,391

Downpayment

20%

$39,420

Closing costs

1%

$1,971

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,448

Total Expenses

$2,643

Mortgage P&I

43%

$1,052

Property Taxes

14%

$348

Home Insurance

3%

$68

HOA

0%

$0

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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