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29 N Michigan Ave, Belleville, IL 62221

3 beds • 3 baths • 1788 sqft

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This property looks like a bad Airbnb investment with a projected -2.45% first-year return on $62,100 initial cash invested.

-2.45%

Cash On Cash

6.51%

Cap Rate

0.98

DSCR

$2,715

Rent

-$127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,715 income − $2,842 expenses = $127 out of pocket

Income$2,715Out of Pocket$127Mortgage P&I$1,15843%Property Taxes$30011%Insurance$803%Management$40715%CapEx$1094%Maintenance$1094%Other$67925%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,715

Total Expenses

$2,842

Mortgage P&I

43%

$1,158

Property Taxes

11%

$300

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$407

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$679

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