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$3,110 (target)

3472 Springwheat, Rockford, IL 61114

3 beds • 2 baths • 1498 sqft

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This property might be a fair Mid-Term investment with a projected 3.08% first-year return on $74,700 initial cash invested.

3.08%

Cash On Cash

7.44%

Cap Rate

1.23

DSCR

$3,110

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,110 income − $2,918 expenses = $192 cash flow

Income$3,110Mortgage P&I$1,35744%Property Taxes$41113%Insurance$943%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$192

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,110

Total Expenses

$2,918

Mortgage P&I

44%

$1,357

Property Taxes

13%

$411

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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