REI Lense

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$2,073 (target)

2213 Renwick Dr, Springfield, IL 62704

3 beds • 3 baths • 2033 sqft

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This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $66,885 initial cash invested.

-12.7%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$2,073

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,073 income − $2,781 expenses = $708 out of pocket

Income$2,073Out of Pocket$708Mortgage P&I$1,62678%Property Taxes$48423%Insurance$1156%HOA$171%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,885

Downpayment

20%

$63,700

Closing costs

1%

$3,185

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,073

Total Expenses

$2,781

Mortgage P&I

78%

$1,626

Property Taxes

23%

$484

Home Insurance

6%

$115

HOA

1%

$17

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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