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2223 Cardinal Dr, Springfield, IL 62704

3 beds • 4 baths • 5413 sqft

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This property looks like a bad Airbnb investment with a projected -22.84% first-year return on $160k initial cash invested.

-22.84%

Cash On Cash

0.7%

Cap Rate

0.12

DSCR

$2,981

Rent

-$3,040

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,981

Total Expenses

$6,021

Mortgage P&I

111%

$3,312

Property Taxes

35%

$1,043

Home Insurance

8%

$236

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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