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2014 N Meridian Rd, Rockford, IL 61101

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Airbnb investment with a projected -13.79% first-year return on $85,200 initial cash invested.

-13.79%

Cash On Cash

2.68%

Cap Rate

0.45

DSCR

$2,181

Rent

-$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,181 income − $3,160 expenses = $979 out of pocket

Income$2,181Out of Pocket$979Mortgage P&I$1,60874%Property Taxes$39418%Insurance$1125%Management$32715%CapEx$874%Maintenance$874%Other$54525%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,181

Total Expenses

$3,160

Mortgage P&I

74%

$1,608

Property Taxes

18%

$394

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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