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1023 Governor St, Springfield, IL 62704

3 beds • 2 baths • 1666 sqft

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This property could be a profitable Airbnb investment with a projected 11.02% first-year return on $40,848 initial cash invested.

11.02%

Cash On Cash

11.61%

Cap Rate

1.8

DSCR

$2,328

Rent

$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,328 income − $1,953 expenses = $375 cash flow

Income$2,328Mortgage P&I$58525%Property Taxes$2039%Insurance$482%Management$34915%CapEx$934%Maintenance$934%Other$58225%Cash Flow$375

Investment Breakdown

|

Purchase Price

$109k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,848

Downpayment

20%

$21,760

Closing costs

1%

$1,088

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$2,328

Total Expenses

$1,953

Mortgage P&I

25%

$585

Property Taxes

9%

$203

Home Insurance

2%

$48

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$582

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