REI Lense

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$2,064 (target)

3039 E Covington Street, Springfield, MO 65804

3 beds • 3 baths • 1844 sqft

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This property looks like a bad Long-Term investment with a projected -4.27% first-year return on $58,779 initial cash invested.

-4.27%

Cash On Cash

5.85%

Cap Rate

0.93

DSCR

$2,064

Rent

-$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,064 income − $2,273 expenses = $209 out of pocket

Income$2,064Out of Pocket$209Mortgage P&I$1,47171%Property Taxes$1688%Insurance$985%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,064

Total Expenses

$2,273

Mortgage P&I

71%

$1,471

Property Taxes

8%

$168

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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