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15504 Ridgefield Dr, Manhattan, IL 60442

3 beds • 4 baths • 2421 sqft

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This property looks like a bad Airbnb investment with a projected -8.05% first-year return on $112k initial cash invested.

-8.05%

Cash On Cash

4.57%

Cap Rate

0.75

DSCR

$4,928

Rent

-$752

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,928 income − $5,680 expenses = $752 out of pocket

Income$4,928Out of Pocket$752Mortgage P&I$2,26246%Property Taxes$89218%Insurance$1613%Management$73915%CapEx$1974%Maintenance$1974%Other$1,23225%

Investment Breakdown

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Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,600

Closing costs

1%

$4,480

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,928

Total Expenses

$5,680

Mortgage P&I

46%

$2,262

Property Taxes

18%

$892

Home Insurance

3%

$161

HOA

0%

$0

Property Management

15%

$739

CapEx

4%

$197

Vacancy

0%

$0

Maintenance

4%

$197

Other

25%

$1,232

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