REI Lense

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$2,224 (target)

2008 N Howard Avenue, Springfield, MO 65803

3 beds • 2 baths • 1395 sqft

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This property might be a fair Mid-Term investment with a projected 8.26% first-year return on $54,792 initial cash invested.

8.26%

Cash On Cash

9.74%

Cap Rate

1.49

DSCR

$2,224

Rent

$377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $1,847 expenses = $377 cash flow

Income$2,224Mortgage P&I$95643%Property Taxes$713%Insurance$633%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$377

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,792

Downpayment

20%

$35,040

Closing costs

1%

$1,752

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$1,847

Mortgage P&I

43%

$956

Property Taxes

3%

$71

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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