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2001 Creighton Rd, Springfield, IL 62703

3 beds • 3 baths • 2283 sqft

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This property looks like a bad Airbnb investment with a projected -11.8% first-year return on $74,721 initial cash invested.

-11.8%

Cash On Cash

3.55%

Cap Rate

0.56

DSCR

$2,486

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,486 income − $3,221 expenses = $735 out of pocket

Income$2,486Out of Pocket$735Mortgage P&I$1,43458%Property Taxes$49820%Insurance$964%Management$37315%CapEx$994%Maintenance$994%Other$62225%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,721

Downpayment

20%

$54,020

Closing costs

1%

$2,701

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,486

Total Expenses

$3,221

Mortgage P&I

58%

$1,434

Property Taxes

20%

$498

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$373

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$622

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