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1905 Hancock St, Rockford, IL 61103

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Airbnb investment with a projected -12.96% first-year return on $66,279 initial cash invested.

-12.96%

Cash On Cash

3.11%

Cap Rate

0.48

DSCR

$1,765

Rent

-$716

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,765 income − $2,481 expenses = $716 out of pocket

Income$1,765Out of Pocket$716Mortgage P&I$1,24170%Property Taxes$31218%Insurance$805%Management$26515%CapEx$714%Maintenance$714%Other$44125%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,765

Total Expenses

$2,481

Mortgage P&I

70%

$1,241

Property Taxes

18%

$312

Home Insurance

5%

$80

HOA

0%

$0

Property Management

15%

$265

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$441

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