REI Lense

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$2,546 (target)

2538 N Plateau Dr, Springfield, IL 62707

3 beds • 2 baths • 1652 sqft

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This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $65,166 initial cash invested.

0.66%

Cash On Cash

7.37%

Cap Rate

1.11

DSCR

$2,546

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $2,510 expenses = $36 cash flow

Income$2,546Mortgage P&I$1,24149%Property Taxes$33313%Insurance$703%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$36

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,166

Downpayment

20%

$44,920

Closing costs

1%

$2,246

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,546

Total Expenses

$2,510

Mortgage P&I

49%

$1,241

Property Taxes

13%

$333

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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