REI Lense

REI Lense

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$1,388 (target)

2028 S 4th St, Springfield, IL 62703

3 beds • 2 baths • 1940 sqft

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This property looks like a bad Long-Term investment with a projected -9.48% first-year return on $40,509 initial cash invested.

-9.48%

Cash On Cash

5%

Cap Rate

0.76

DSCR

$1,388

Rent

-$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,388 income − $1,708 expenses = $320 out of pocket

Income$1,388Out of Pocket$320Mortgage P&I$1,05576%Property Taxes$22316%Insurance$705%Management$13910%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,509

Downpayment

20%

$38,580

Closing costs

1%

$1,929

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,388

Total Expenses

$1,708

Mortgage P&I

76%

$1,055

Property Taxes

16%

$223

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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