REI Lense

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$3,127 (target)

35 Providence Ln, Springfield, IL 62711

3 beds • 2 baths • 2544 sqft

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This property could be a profitable Long-Term investment with a projected 12.3% first-year return on $56,679 initial cash invested.

12.3%

Cash On Cash

9.54%

Cap Rate

1.52

DSCR

$3,127

Rent

$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,127 income − $2,546 expenses = $581 cash flow

Income$3,127Mortgage P&I$1,40945%Property Taxes$2307%Insurance$943%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%Cash Flow$581

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,127

Total Expenses

$2,546

Mortgage P&I

45%

$1,409

Property Taxes

7%

$230

Home Insurance

3%

$94

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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