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1644 W Homewood Ave, Springfield, IL 62704

3 beds • 4 baths • 6260 sqft

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This property looks like a bad Airbnb investment with a projected -5.5% first-year return on $74,658 initial cash invested.

-5.5%

Cash On Cash

5.07%

Cap Rate

0.85

DSCR

$3,408

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,408 income − $3,750 expenses = $342 out of pocket

Income$3,408Out of Pocket$342Mortgage P&I$1,34740%Property Taxes$67020%Insurance$983%Management$51115%CapEx$1364%Maintenance$1364%Other$85225%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,658

Downpayment

20%

$53,960

Closing costs

1%

$2,698

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,408

Total Expenses

$3,750

Mortgage P&I

40%

$1,347

Property Taxes

20%

$670

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$511

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$852

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