REI Lense

REI Lense

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Target property

450 W Chenery St, Springfield, IL 62704

3 beds • 2 baths • 2813 sqft

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This property looks like a bad Airbnb investment with a projected -27.45% first-year return on $56,010 initial cash invested.

-27.45%

Cash On Cash

-2.13%

Cap Rate

-0.33

DSCR

$0

Rent

-$1,281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $1,281 expenses = $1,281 out of pocket

Income$0Out of Pocket$1,281Mortgage P&I$960Property Taxes$260Insurance$61

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,010

Downpayment

20%

$36,200

Closing costs

1%

$1,810

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$0

Total Expenses

$1,281

Mortgage P&I

9600000%

$960

Property Taxes

2600000%

$260

Home Insurance

610000%

$61

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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