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18233 Greenbay Ave, Lansing, IL 60438

3 beds • 2 baths • 1667 sqft

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This property looks like a bad Airbnb investment with a projected -16.06% first-year return on $74,406 initial cash invested.

-16.06%

Cash On Cash

2.13%

Cap Rate

0.34

DSCR

$2,094

Rent

-$996

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $3,090 expenses = $996 out of pocket

Income$2,094Out of Pocket$996Mortgage P&I$1,38866%Property Taxes$60129%Insurance$955%Management$31415%CapEx$844%Maintenance$844%Other$52425%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,406

Downpayment

20%

$53,720

Closing costs

1%

$2,686

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,094

Total Expenses

$3,090

Mortgage P&I

66%

$1,388

Property Taxes

29%

$601

Home Insurance

5%

$95

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$524

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