REI Lense

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$2,451 (target)

2824 S Lowell Ave #1, Springfield, IL 62704

3 beds • 2 baths • 1636 sqft

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This property might be a fair Mid-Term investment with a projected 8.35% first-year return on $52,629 initial cash invested.

8.35%

Cash On Cash

9.88%

Cap Rate

1.52

DSCR

$2,451

Rent

$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $2,085 expenses = $366 cash flow

Income$2,451Mortgage P&I$89436%Property Taxes$29912%Insurance$582%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$366

Investment Breakdown

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Purchase Price

$165k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,629

Downpayment

20%

$32,980

Closing costs

1%

$1,649

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,451

Total Expenses

$2,085

Mortgage P&I

36%

$894

Property Taxes

12%

$299

Home Insurance

2%

$58

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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