REI Lense

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$1,489 (target)

71 Radcliff Rd, Springfield, IL 62703

3 beds • 2 baths • 1596 sqft

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This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $37,884 initial cash invested.

-8.36%

Cash On Cash

5.29%

Cap Rate

0.81

DSCR

$1,489

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,489 income − $1,753 expenses = $264 out of pocket

Income$1,489Out of Pocket$264Mortgage P&I$98566%Property Taxes$31721%Insurance$654%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,884

Downpayment

20%

$36,080

Closing costs

1%

$1,804

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,489

Total Expenses

$1,753

Mortgage P&I

66%

$985

Property Taxes

21%

$317

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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