REI Lense

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$1,819 (target)

2422 Ridge Ave, Rockford, IL 61103

3 beds • 2 baths • 1750 sqft

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This property might be a fair Long-Term investment with a projected 2.58% first-year return on $34,944 initial cash invested.

2.58%

Cash On Cash

7.75%

Cap Rate

1.18

DSCR

$1,819

Rent

$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,819 income − $1,744 expenses = $75 cash flow

Income$1,819Mortgage P&I$90950%Property Taxes$30217%Insurance$603%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%Cash Flow$75

Investment Breakdown

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Purchase Price

$166k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,944

Downpayment

20%

$33,280

Closing costs

1%

$1,664

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,819

Total Expenses

$1,744

Mortgage P&I

50%

$909

Property Taxes

17%

$302

Home Insurance

3%

$60

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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