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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 -9.41% first-year return on $80,202 initial cash invested.

-9.41%

Cash On Cash

3.78%

Cap Rate

0.64

DSCR

$2,763

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $3,392 expenses = $629 out of pocket

Income$2,763Out of Pocket$629Mortgage P&I$1,45253%Property Taxes$51018%Insurance$1034%Management$41415%CapEx$1114%Maintenance$1114%Other$69125%

Investment Breakdown

|

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

$2,763

Total Expenses

$3,392

Mortgage P&I

53%

$1,452

Property Taxes

18%

$510

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$691

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