REI Lense

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$3,336 (target)

9 Cottage Grove Ln, Springfield, IL 62712

3 beds • 2 baths • 1952 sqft

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This property looks like a bad Mid-Term investment with a projected -18.65% first-year return on $152k initial cash invested.

-18.65%

Cash On Cash

2.5%

Cap Rate

0.37

DSCR

$3,336

Rent

-$2,361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,336 income − $5,697 expenses = $2,361 out of pocket

Income$3,336Out of Pocket$2,361Mortgage P&I$3,556107%Property Taxes$77023%Insurance$2387%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36711%

Investment Breakdown

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Purchase Price

$638k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,377

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,336

Total Expenses

$5,697

Mortgage P&I

107%

$3,556

Property Taxes

23%

$770

Home Insurance

7%

$238

HOA

0%

$0

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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