REI Lense

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$1,970 (target)

404 N Prospect St, Rockford, IL 61107

3 beds • 2 baths • 2174 sqft

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This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $54,600 initial cash invested.

-8.64%

Cash On Cash

4.62%

Cap Rate

0.77

DSCR

$1,970

Rent

-$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $2,363 expenses = $393 out of pocket

Income$1,970Out of Pocket$393Mortgage P&I$1,29766%Property Taxes$46424%Insurance$915%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$2,363

Mortgage P&I

66%

$1,297

Property Taxes

24%

$464

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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