REI Lense

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$2,421 (target)

2536 S Walnut St, Springfield, IL 62704

3 beds • 2 baths • 1611 sqft

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This property might be a fair Mid-Term investment with a projected 4.41% first-year return on $56,031 initial cash invested.

4.41%

Cash On Cash

8.59%

Cap Rate

1.3

DSCR

$2,421

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,421 income − $2,215 expenses = $206 cash flow

Income$2,421Mortgage P&I$99441%Property Taxes$33714%Insurance$602%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%Cash Flow$206

Investment Breakdown

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Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,031

Downpayment

20%

$36,220

Closing costs

1%

$1,811

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,421

Total Expenses

$2,215

Mortgage P&I

41%

$994

Property Taxes

14%

$337

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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