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$3,050 (target)

229 N Gardiner Ave, Rockford, IL 61107

3 beds • 2 baths • 2035 sqft

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This property could be a profitable Mid-Term investment with a projected 15.14% first-year return on $54,435 initial cash invested.

15.14%

Cash On Cash

12.01%

Cap Rate

1.87

DSCR

$3,050

Rent

$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,050 income − $2,363 expenses = $687 cash flow

Income$3,050Mortgage P&I$92830%Property Taxes$33611%Insurance$612%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%Cash Flow$687

Investment Breakdown

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Purchase Price

$174k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,435

Downpayment

20%

$34,700

Closing costs

1%

$1,735

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,050

Total Expenses

$2,363

Mortgage P&I

30%

$928

Property Taxes

11%

$336

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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