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2229 Fairway Dr, Springfield, IL 62704

3 beds • 2 baths • 1600 sqft

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This property might be a fair Mid-Term investment with a projected 0.53% first-year return on $67,350 initial cash invested.

0.53%

Cash On Cash

7.03%

Cap Rate

1.11

DSCR

$2,592

Rent

$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,592

Total Expenses

$2,562

Mortgage P&I

48%

$1,242

Property Taxes

14%

$356

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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