REI Lense

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$2,985 (target)

2212 Silverthorn Dr, Rockford, IL 61107

3 beds • 3 baths • 2406 sqft

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This property might be a fair Long-Term investment with a projected 7.95% first-year return on $52,374 initial cash invested.

7.95%

Cash On Cash

8.55%

Cap Rate

1.39

DSCR

$2,985

Rent

$347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,985 income − $2,638 expenses = $347 cash flow

Income$2,985Mortgage P&I$1,28243%Property Taxes$49216%Insurance$893%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%Cash Flow$347

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,374

Downpayment

20%

$49,880

Closing costs

1%

$2,494

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,985

Total Expenses

$2,638

Mortgage P&I

43%

$1,282

Property Taxes

16%

$492

Home Insurance

3%

$89

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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