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2524 Locust Rd, Homewood, IL 60430

3 beds • 2 baths • 1400 sqft

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This property might be a fair Airbnb investment with a projected 7.7% first-year return on $59,517 initial cash invested.

7.7%

Cash On Cash

9.38%

Cap Rate

1.51

DSCR

$3,493

Rent

$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,493 income − $3,111 expenses = $382 cash flow

Income$3,493Mortgage P&I$1,02329%Property Taxes$34110%Insurance$702%Management$52415%CapEx$1404%Maintenance$1404%Other$87325%Cash Flow$382

Investment Breakdown

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Purchase Price

$198k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,517

Downpayment

20%

$39,540

Closing costs

1%

$1,977

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,493

Total Expenses

$3,111

Mortgage P&I

29%

$1,023

Property Taxes

10%

$341

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$873

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