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2444 Idlewild Dr, Springfield, IL 62704

3 beds • 2 baths • 1751 sqft

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This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $66,363 initial cash invested.

-8.1%

Cash On Cash

4.72%

Cap Rate

0.72

DSCR

$2,590

Rent

-$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $3,038 expenses = $448 out of pocket

Income$2,590Out of Pocket$448Mortgage P&I$1,25048%Property Taxes$46418%Insurance$803%Management$38815%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,363

Downpayment

20%

$46,060

Closing costs

1%

$2,303

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,590

Total Expenses

$3,038

Mortgage P&I

48%

$1,250

Property Taxes

18%

$464

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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