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10707 N State Route 2, Rockford, IL 61102

3 beds • 2 baths • 2264 sqft

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This property looks like a bad Airbnb investment with a projected -9.91% first-year return on $113k initial cash invested.

-9.91%

Cash On Cash

3.9%

Cap Rate

0.65

DSCR

$3,486

Rent

-$929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $4,415 expenses = $929 out of pocket

Income$3,486Out of Pocket$929Mortgage P&I$2,25165%Property Taxes$33310%Insurance$1585%Management$52315%CapEx$1394%Maintenance$1394%Other$87225%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,486

Total Expenses

$4,415

Mortgage P&I

65%

$2,251

Property Taxes

10%

$333

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$523

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$872

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