REI Lense

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$3,004 (target)

7109 Preston Dr, Springfield, IL 62711

3 beds • 2 baths • 1705 sqft

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This property could be a profitable Long-Term investment with a projected 14% first-year return on $54,012 initial cash invested.

14%

Cash On Cash

9.64%

Cap Rate

1.61

DSCR

$3,004

Rent

$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,004 income − $2,374 expenses = $630 cash flow

Income$3,004Mortgage P&I$1,28643%Property Taxes$2167%Insurance$923%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%Cash Flow$630

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,012

Downpayment

20%

$51,440

Closing costs

1%

$2,572

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,004

Total Expenses

$2,374

Mortgage P&I

43%

$1,286

Property Taxes

7%

$216

Home Insurance

3%

$92

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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