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1216 Dani Ln, Springfield, IL 62712

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Airbnb investment with a projected -11.61% first-year return on $64,263 initial cash invested.

-11.61%

Cash On Cash

3.49%

Cap Rate

0.54

DSCR

$1,979

Rent

-$622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,979 income − $2,601 expenses = $622 out of pocket

Income$1,979Out of Pocket$622Mortgage P&I$1,18460%Property Taxes$38820%Insurance$794%Management$29715%CapEx$794%Maintenance$794%Other$49525%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,263

Downpayment

20%

$44,060

Closing costs

1%

$2,203

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,979

Total Expenses

$2,601

Mortgage P&I

60%

$1,184

Property Taxes

20%

$388

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$297

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$495

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