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2840 E Lake Shore Dr, Springfield, IL 62712

3 beds • 3 baths • 2976 sqft

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This property looks like a bad Airbnb investment with a projected -19.11% first-year return on $88,350 initial cash invested.

-19.11%

Cash On Cash

1.43%

Cap Rate

0.23

DSCR

$2,104

Rent

-$1,407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,104 income − $3,511 expenses = $1,407 out of pocket

Income$2,104Out of Pocket$1,407Mortgage P&I$1,72282%Property Taxes$66231%Insurance$1176%Management$31615%CapEx$844%Maintenance$844%Other$52625%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,104

Total Expenses

$3,511

Mortgage P&I

82%

$1,722

Property Taxes

31%

$662

Home Insurance

6%

$117

HOA

0%

$0

Property Management

15%

$316

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$526

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