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$3,788 (target)

311 N Gardiner Ave, Rockford, IL 61107

3 beds • 3 baths • 2808 sqft

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This property might be a fair Mid-Term investment with a projected 3.54% first-year return on $81,756 initial cash invested.

3.54%

Cash On Cash

7.91%

Cap Rate

1.24

DSCR

$3,788

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,788 income − $3,547 expenses = $241 cash flow

Income$3,788Mortgage P&I$1,60942%Property Taxes$54014%Insurance$1083%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%Cash Flow$241

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,788

Total Expenses

$3,547

Mortgage P&I

42%

$1,609

Property Taxes

14%

$540

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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