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2705 S Broadway Ave, Salem, IL 62881

3 beds • 3 baths • 1743 sqft

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This property looks like a bad Airbnb investment with a projected -1.59% first-year return on $69,975 initial cash invested.

-1.59%

Cash On Cash

6.48%

Cap Rate

1.01

DSCR

$2,632

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,632 income − $2,725 expenses = $93 out of pocket

Income$2,632Out of Pocket$93Mortgage P&I$1,32550%Property Taxes$502%Insurance$873%Management$39515%CapEx$1054%Maintenance$1054%Other$65825%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,975

Downpayment

20%

$49,500

Closing costs

1%

$2,475

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,632

Total Expenses

$2,725

Mortgage P&I

50%

$1,325

Property Taxes

2%

$50

Home Insurance

3%

$87

HOA

0%

$0

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$658

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