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2508 Charlack Ave, Springfield, IL 62704

3 beds • 2 baths • 2696 sqft

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This property looks like a bad Long-Term investment with a projected -9.29% first-year return on $65,100 initial cash invested.

-9.29%

Cash On Cash

4.31%

Cap Rate

0.74

DSCR

$2,215

Rent

-$504

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

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,215

Total Expenses

$2,719

Mortgage P&I

68%

$1,506

Property Taxes

24%

$528

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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