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218 Garfield Ave, Galesburg, IL 61401

3 beds • 2 baths • 1424 sqft

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This property might be a fair Airbnb investment with a projected 8.3% first-year return on $44,523 initial cash invested.

8.3%

Cash On Cash

10.76%

Cap Rate

1.56

DSCR

$2,416

Rent

$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,108 expenses = $308 cash flow

Income$2,416Mortgage P&I$72730%Property Taxes$1817%Insurance$402%Management$36215%CapEx$974%Maintenance$974%Other$60425%Cash Flow$308

Investment Breakdown

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Purchase Price

$126k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,523

Downpayment

20%

$25,260

Closing costs

1%

$1,263

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,108

Mortgage P&I

30%

$727

Property Taxes

7%

$181

Home Insurance

2%

$40

HOA

0%

$0

Property Management

15%

$362

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

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