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1890 McCormick Ln, Hanover Park, IL 60133

3 beds • 2 baths • 1856 sqft

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This property looks like a bad Airbnb investment with a projected -11.01% first-year return on $100k initial cash invested.

-11.01%

Cash On Cash

3.47%

Cap Rate

0.59

DSCR

$3,074

Rent

-$920

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,074 income − $3,994 expenses = $920 out of pocket

Income$3,074Out of Pocket$920Mortgage P&I$1,92963%Property Taxes$45015%Insurance$1405%Management$46115%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,380

Closing costs

1%

$3,919

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,074

Total Expenses

$3,994

Mortgage P&I

63%

$1,929

Property Taxes

15%

$450

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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