REI Lense

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$2,234 (target)

71 Radcliff Rd, Springfield, IL 62703

3 beds • 2 baths • 1596 sqft

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This property might be a fair Mid-Term investment with a projected 2.32% first-year return on $55,884 initial cash invested.

2.32%

Cash On Cash

7.86%

Cap Rate

1.2

DSCR

$2,234

Rent

$108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,234 income − $2,126 expenses = $108 cash flow

Income$2,234Mortgage P&I$98544%Property Taxes$31714%Insurance$653%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24611%Cash Flow$108

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,884

Downpayment

20%

$36,080

Closing costs

1%

$1,804

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,234

Total Expenses

$2,126

Mortgage P&I

44%

$985

Property Taxes

14%

$317

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$246

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