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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 -0.5% first-year return on $62,100 initial cash invested.

-0.5%

Cash On Cash

7.13%

Cap Rate

1.08

DSCR

$2,906

Rent

-$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $2,932 expenses = $26 out of pocket

Income$2,906Out of Pocket$26Mortgage P&I$1,15840%Property Taxes$30010%Insurance$803%Management$43615%CapEx$1164%Maintenance$1164%Other$72625%

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

$2,906

Total Expenses

$2,932

Mortgage P&I

40%

$1,158

Property Taxes

10%

$300

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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