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$4,690 (target)

35 Providence Ln, Springfield, IL 62711

3 beds • 2 baths • 2544 sqft

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This property could be a profitable Mid-Term investment with a projected 21.87% first-year return on $74,679 initial cash invested.

21.87%

Cash On Cash

13.15%

Cap Rate

2.1

DSCR

$4,690

Rent

$1,361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,690 income − $3,329 expenses = $1,361 cash flow

Income$4,690Mortgage P&I$1,40930%Property Taxes$2305%Insurance$942%Management$56312%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51611%Cash Flow$1,361

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,690

Total Expenses

$3,329

Mortgage P&I

30%

$1,409

Property Taxes

5%

$230

Home Insurance

2%

$94

HOA

0%

$0

Property Management

12%

$563

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$516

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