REI Lense

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$1,815 (target)

450 W Chenery St, Springfield, IL 62704

3 beds • 2 baths • 2813 sqft

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This property might be a fair Long-Term investment with a projected 1.93% first-year return on $38,010 initial cash invested.

1.93%

Cash On Cash

7.37%

Cap Rate

1.16

DSCR

$1,815

Rent

$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,815 income − $1,754 expenses = $61 cash flow

Income$1,815Mortgage P&I$96053%Property Taxes$26014%Insurance$613%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%Cash Flow$61

Investment Breakdown

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Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,010

Downpayment

20%

$36,200

Closing costs

1%

$1,810

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,815

Total Expenses

$1,754

Mortgage P&I

53%

$960

Property Taxes

14%

$260

Home Insurance

3%

$61

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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