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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 -1% first-year return on $112k initial cash invested.

-1%

Cash On Cash

6.47%

Cap Rate

1.07

DSCR

$6,197

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,197 income − $6,290 expenses = $93 out of pocket

Income$6,197Out of Pocket$93Mortgage P&I$2,26237%Property Taxes$89214%Insurance$1613%Management$93015%CapEx$2484%Maintenance$2484%Other$1,54925%

Investment Breakdown

|

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

$6,197

Total Expenses

$6,290

Mortgage P&I

37%

$2,262

Property Taxes

14%

$892

Home Insurance

3%

$161

HOA

0%

$0

Property Management

15%

$930

CapEx

4%

$248

Vacancy

0%

$0

Maintenance

4%

$248

Other

25%

$1,549

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