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1702 Hovey Ave, Normal, IL 61761

3 beds • 2 baths • 2590 sqft

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This property looks like a bad Airbnb investment with a projected -0.87% first-year return on $80,202 initial cash invested.

-0.87%

Cash On Cash

6.27%

Cap Rate

1.07

DSCR

$3,859

Rent

-$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,202

Downpayment

20%

$59,240

Closing costs

1%

$2,962

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,859

Total Expenses

$3,917

Mortgage P&I

38%

$1,452

Property Taxes

13%

$510

Home Insurance

3%

$103

HOA

0%

$0

Property Management

15%

$579

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$965

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