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2508 Charlack Ave, Springfield, IL 62704

3 beds • 2 baths • 2696 sqft

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This property might be a fair Mid-Term investment with a projected 0.72% first-year return on $83,100 initial cash invested.

0.72%

Cash On Cash

6.54%

Cap Rate

1.12

DSCR

$3,322

Rent

$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,322

Total Expenses

$3,272

Mortgage P&I

45%

$1,506

Property Taxes

16%

$528

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$365

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