REI Lense

REI Lense

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$1,697 (target)

2538 N Plateau Dr, Springfield, IL 62707

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $47,166 initial cash invested.

-9.9%

Cash On Cash

5.01%

Cap Rate

0.76

DSCR

$1,697

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,697 income − $2,086 expenses = $389 out of pocket

Income$1,697Out of Pocket$389Mortgage P&I$1,24173%Property Taxes$33320%Insurance$704%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,166

Downpayment

20%

$44,920

Closing costs

1%

$2,246

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,697

Total Expenses

$2,086

Mortgage P&I

73%

$1,241

Property Taxes

20%

$333

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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