REI Lense

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$3,222 (target)

904 N Prospect St, Rockford, IL 61107

3 beds • 2 baths • 1615 sqft

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This property could be a profitable Mid-Term investment with a projected 34.13% first-year return on $43,389 initial cash invested.

34.13%

Cash On Cash

20.04%

Cap Rate

3.08

DSCR

$3,222

Rent

$1,234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,222 income − $1,988 expenses = $1,234 cash flow

Income$3,222Mortgage P&I$65620%Property Taxes$1786%Insurance$582%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%Cash Flow$1,234

Investment Breakdown

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Purchase Price

$121k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,389

Downpayment

20%

$24,180

Closing costs

1%

$1,209

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$3,222

Total Expenses

$1,988

Mortgage P&I

20%

$656

Property Taxes

6%

$178

Home Insurance

2%

$58

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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