REI Lense

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$2,564 (target)

2617 Kent Dr, Springfield, IL 62703

3 beds • 2 baths • 1393 sqft

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This property could be a profitable Mid-Term investment with a projected 13.66% first-year return on $49,626 initial cash invested.

13.66%

Cash On Cash

11.77%

Cap Rate

1.83

DSCR

$2,564

Rent

$565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $1,999 expenses = $565 cash flow

Income$2,564Mortgage P&I$80932%Property Taxes$26310%Insurance$542%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$565

Investment Breakdown

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Purchase Price

$151k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,626

Downpayment

20%

$30,120

Closing costs

1%

$1,506

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$1,999

Mortgage P&I

32%

$809

Property Taxes

10%

$263

Home Insurance

2%

$54

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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