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21 Mills Cart Rd, Salem, IL 62881

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Airbnb investment with a projected -3.01% first-year return on $55,779 initial cash invested.

-3.01%

Cash On Cash

6.18%

Cap Rate

0.94

DSCR

$2,091

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,091 income − $2,231 expenses = $140 out of pocket

Income$2,091Out of Pocket$140Mortgage P&I$98247%Property Taxes$1819%Insurance$633%Management$31415%CapEx$844%Maintenance$844%Other$52325%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,091

Total Expenses

$2,231

Mortgage P&I

47%

$982

Property Taxes

9%

$181

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$523

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