REI Lense

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$1,626 (target)

216 S London Ave, Rockford, IL 61104

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Long-Term investment with a projected -6.55% first-year return on $41,391 initial cash invested.

-6.55%

Cash On Cash

5.76%

Cap Rate

0.87

DSCR

$1,626

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,626 income − $1,852 expenses = $226 out of pocket

Income$1,626Out of Pocket$226Mortgage P&I$1,09167%Property Taxes$26616%Insurance$724%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,391

Downpayment

20%

$39,420

Closing costs

1%

$1,971

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,626

Total Expenses

$1,852

Mortgage P&I

67%

$1,091

Property Taxes

16%

$266

Home Insurance

4%

$72

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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