REI Lense

REI Lense

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$2,224 (target)

9 Cottage Grove Ln, Springfield, IL 62712

3 beds • 2 baths • 1952 sqft

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This property looks like a bad Long-Term investment with a projected -26.14% first-year return on $134k initial cash invested.

-26.14%

Cash On Cash

1.41%

Cap Rate

0.21

DSCR

$2,224

Rent

-$2,917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $5,141 expenses = $2,917 out of pocket

Income$2,224Out of Pocket$2,917Mortgage P&I$3,556160%Property Taxes$77035%Insurance$23811%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$638k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$128k

Closing costs

1%

$6,377

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,224

Total Expenses

$5,141

Mortgage P&I

160%

$3,556

Property Taxes

35%

$770

Home Insurance

11%

$238

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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