REI Lense

REI Lense

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$1,631 (target)

3029 Selkirk Rd, Springfield, IL 62702

3 beds • 2 baths • 1026 sqft

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This property looks like a bad Long-Term investment with a projected -4.93% first-year return on $39,165 initial cash invested.

-4.93%

Cash On Cash

6.02%

Cap Rate

0.92

DSCR

$1,631

Rent

-$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,631 income − $1,792 expenses = $161 out of pocket

Income$1,631Out of Pocket$161Mortgage P&I$1,01562%Property Taxes$29618%Insurance$563%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,165

Downpayment

20%

$37,300

Closing costs

1%

$1,865

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,631

Total Expenses

$1,792

Mortgage P&I

62%

$1,015

Property Taxes

18%

$296

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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