REI Lense

REI Lense

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$2,420 (target)

713 Coolidge Pl, Rockford, IL 61107

3 beds • 2 baths • 2102 sqft

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This property might be a fair Long-Term investment with a projected 5.53% first-year return on $46,851 initial cash invested.

5.53%

Cash On Cash

8.37%

Cap Rate

1.28

DSCR

$2,420

Rent

$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,420 income − $2,204 expenses = $216 cash flow

Income$2,420Mortgage P&I$1,21950%Property Taxes$27711%Insurance$793%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%Cash Flow$216

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,851

Downpayment

20%

$44,620

Closing costs

1%

$2,231

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,420

Total Expenses

$2,204

Mortgage P&I

50%

$1,219

Property Taxes

11%

$277

Home Insurance

3%

$79

HOA

0%

$0

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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