REI Lense

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$2,781 (target)

219 N Chicago Ave, Rockford, IL 61107

3 beds • 2 baths • 1526 sqft

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This property might be a fair Mid-Term investment with a projected 9.28% first-year return on $57,564 initial cash invested.

9.28%

Cash On Cash

9.96%

Cap Rate

1.55

DSCR

$2,781

Rent

$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,781 income − $2,336 expenses = $445 cash flow

Income$2,781Mortgage P&I$1,00836%Property Taxes$31711%Insurance$662%Management$33412%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%Cash Flow$445

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,564

Downpayment

20%

$37,680

Closing costs

1%

$1,884

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,781

Total Expenses

$2,336

Mortgage P&I

36%

$1,008

Property Taxes

11%

$317

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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