REI Lense

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$4,414 (target)

1816 Hunter Ridge Dr, Springfield, IL 62704

3 beds • 3 baths • 2995 sqft

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This property could be a profitable Mid-Term investment with a projected 11.51% first-year return on $79,845 initial cash invested.

11.51%

Cash On Cash

9.99%

Cap Rate

1.63

DSCR

$4,414

Rent

$766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,414 income − $3,648 expenses = $766 cash flow

Income$4,414Mortgage P&I$1,50834%Property Taxes$52212%Insurance$1163%Management$53012%CapEx$1774%Vacancy$1323%Maintenance$1774%Other$48611%Cash Flow$766

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,414

Total Expenses

$3,648

Mortgage P&I

34%

$1,508

Property Taxes

12%

$522

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$530

CapEx

4%

$177

Vacancy

3%

$132

Maintenance

4%

$177

Other

11%

$486

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