REI Lense

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$1,593 (target)

1800 N 9th St, Springfield, IL 62702

3 beds • 2 baths • 1864 sqft

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This property could be a profitable Long-Term investment with a projected 32.71% first-year return on $19,593 initial cash invested.

32.71%

Cash On Cash

13.99%

Cap Rate

2.3

DSCR

$1,593

Rent

$534

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,593 income − $1,059 expenses = $534 cash flow

Income$1,593Mortgage P&I$47430%Property Taxes$1469%Insurance$242%Management$15910%CapEx$805%Vacancy$966%Maintenance$805%Cash Flow$534

Investment Breakdown

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Purchase Price

$93,300

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,593

Downpayment

20%

$18,660

Closing costs

1%

$933

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,593

Total Expenses

$1,059

Mortgage P&I

30%

$474

Property Taxes

9%

$146

Home Insurance

2%

$24

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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