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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 -7.85% first-year return on $66,363 initial cash invested.

-7.85%

Cash On Cash

4.8%

Cap Rate

0.74

DSCR

$2,616

Rent

-$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $3,050 expenses = $434 out of pocket

Income$2,616Out of Pocket$434Mortgage P&I$1,25048%Property Taxes$46418%Insurance$803%Management$39215%CapEx$1054%Maintenance$1054%Other$65425%

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

$2,616

Total Expenses

$3,050

Mortgage P&I

48%

$1,250

Property Taxes

18%

$464

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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