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1510 14th Ave, Belvidere, IL 61008

3 beds • 2 baths • 1754 sqft

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This property looks like a bad Airbnb investment with a projected -14.95% first-year return on $69,492 initial cash invested.

-14.95%

Cash On Cash

2.9%

Cap Rate

0.43

DSCR

$1,889

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,889 income − $2,755 expenses = $866 out of pocket

Income$1,889Out of Pocket$866Mortgage P&I$1,38273%Property Taxes$37820%Insurance$885%Management$28315%CapEx$764%Maintenance$764%Other$47225%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,492

Downpayment

20%

$49,040

Closing costs

1%

$2,452

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,889

Total Expenses

$2,755

Mortgage P&I

73%

$1,382

Property Taxes

20%

$378

Home Insurance

5%

$88

HOA

0%

$0

Property Management

15%

$283

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$472

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