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2684 1st St, East Moline, IL 61244

3 beds • 2 baths • 2688 sqft

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This property looks like a bad Airbnb investment with a projected -8.4% first-year return on $54,981 initial cash invested.

-8.4%

Cash On Cash

4.57%

Cap Rate

0.69

DSCR

$2,016

Rent

-$385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $2,401 expenses = $385 out of pocket

Income$2,016Out of Pocket$385Mortgage P&I$97548%Property Taxes$39520%Insurance$633%Management$30215%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

Purchase Price

$176k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,981

Downpayment

20%

$35,220

Closing costs

1%

$1,761

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,016

Total Expenses

$2,401

Mortgage P&I

48%

$975

Property Taxes

20%

$395

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$302

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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