REI Lense

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$4,740 (target)

407 Five Forks Dr, Springfield, IL 62711

3 beds • 3 baths • 3308 sqft

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This property might be a fair Mid-Term investment with a projected 6.95% first-year return on $94,146 initial cash invested.

6.95%

Cash On Cash

9.03%

Cap Rate

1.37

DSCR

$4,740

Rent

$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,740 income − $4,195 expenses = $545 cash flow

Income$4,740Mortgage P&I$1,99442%Property Taxes$4509%Insurance$1313%HOA$8Management$56912%CapEx$1904%Vacancy$1423%Maintenance$1904%Other$52111%Cash Flow$545

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,146

Downpayment

20%

$72,520

Closing costs

1%

$3,626

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,740

Total Expenses

$4,195

Mortgage P&I

42%

$1,994

Property Taxes

9%

$450

Home Insurance

3%

$131

HOA

0%

$8

Property Management

12%

$569

CapEx

4%

$190

Vacancy

3%

$142

Maintenance

4%

$190

Other

11%

$521

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