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21 Mills Cart Rd, Salem, IL 62881

3 beds • 2 baths • 1373 sqft

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This property might be a fair Airbnb investment with a projected 6.43% first-year return on $55,779 initial cash invested.

6.43%

Cash On Cash

9.33%

Cap Rate

1.42

DSCR

$2,932

Rent

$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $2,633 expenses = $299 cash flow

Income$2,932Mortgage P&I$98233%Property Taxes$1816%Insurance$632%Management$44015%CapEx$1174%Maintenance$1174%Other$73325%Cash Flow$299

Investment Breakdown

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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

$2,932

Total Expenses

$2,633

Mortgage P&I

33%

$982

Property Taxes

6%

$181

Home Insurance

2%

$63

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$733

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