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$2,722 (target)

450 W Chenery St, Springfield, IL 62704

3 beds • 2 baths • 2813 sqft

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This property could be a profitable Mid-Term investment with a projected 11.03% first-year return on $56,010 initial cash invested.

11.03%

Cash On Cash

10.5%

Cap Rate

1.65

DSCR

$2,722

Rent

$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,722 income − $2,207 expenses = $515 cash flow

Income$2,722Mortgage P&I$96035%Property Taxes$26010%Insurance$612%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%Cash Flow$515

Investment Breakdown

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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

$2,722

Total Expenses

$2,207

Mortgage P&I

35%

$960

Property Taxes

10%

$260

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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