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$2,390 (target)

1800 N 9th St, Springfield, IL 62702

3 beds • 2 baths • 1864 sqft

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This property could be a profitable Mid-Term investment with a projected 29.75% first-year return on $37,593 initial cash invested.

29.75%

Cash On Cash

19.32%

Cap Rate

3.17

DSCR

$2,390

Rent

$932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,390 income − $1,458 expenses = $932 cash flow

Income$2,390Mortgage P&I$47420%Property Taxes$1466%Insurance$241%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$932

Investment Breakdown

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Purchase Price

$93,300

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,593

Downpayment

20%

$18,660

Closing costs

1%

$933

Rehab

0%

$0

Furnishing

19%

$18,000

Cashflow

Total Income

$2,390

Total Expenses

$1,458

Mortgage P&I

20%

$474

Property Taxes

6%

$146

Home Insurance

1%

$24

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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