REI Lense

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$2,446 (target)

3029 Selkirk Rd, Springfield, IL 62702

3 beds • 2 baths • 1026 sqft

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This property might be a fair Mid-Term investment with a projected 5.18% first-year return on $57,165 initial cash invested.

5.18%

Cash On Cash

8.75%

Cap Rate

1.34

DSCR

$2,446

Rent

$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,446 income − $2,199 expenses = $247 cash flow

Income$2,446Mortgage P&I$1,01541%Property Taxes$29612%Insurance$562%Management$29412%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$247

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,165

Downpayment

20%

$37,300

Closing costs

1%

$1,865

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,446

Total Expenses

$2,199

Mortgage P&I

42%

$1,015

Property Taxes

12%

$296

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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