REI Lense

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$4,506 (target)

7109 Preston Dr, Springfield, IL 62711

3 beds • 2 baths • 1705 sqft

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This property could be a profitable Mid-Term investment with a projected 23% first-year return on $72,012 initial cash invested.

23%

Cash On Cash

13.28%

Cap Rate

2.21

DSCR

$4,506

Rent

$1,380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,506 income − $3,126 expenses = $1,380 cash flow

Income$4,506Mortgage P&I$1,28629%Property Taxes$2165%Insurance$922%Management$54112%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49611%Cash Flow$1,380

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,012

Downpayment

20%

$51,440

Closing costs

1%

$2,572

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,506

Total Expenses

$3,126

Mortgage P&I

29%

$1,286

Property Taxes

5%

$216

Home Insurance

2%

$92

HOA

0%

$0

Property Management

12%

$541

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$496

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