REI Lense

REI Lense

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$1,559 (target)

2913 Selkirk Rd, Springfield, IL 62702

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -3.68% first-year return on $35,889 initial cash invested.

-3.68%

Cash On Cash

6.12%

Cap Rate

0.96

DSCR

$1,559

Rent

-$110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,559 income − $1,669 expenses = $110 out of pocket

Income$1,559Out of Pocket$110Mortgage P&I$90458%Property Taxes$29819%Insurance$614%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$171k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,889

Downpayment

20%

$34,180

Closing costs

1%

$1,709

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,559

Total Expenses

$1,669

Mortgage P&I

58%

$904

Property Taxes

19%

$298

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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