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296 Snowdrop Ln, Elgin, IL 60124

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Airbnb investment with a projected -24.3% first-year return on $137k initial cash invested.

-24.3%

Cash On Cash

0.74%

Cap Rate

0.12

DSCR

$2,847

Rent

-$2,767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,847 income − $5,614 expenses = $2,767 out of pocket

Income$2,847Out of Pocket$2,767Mortgage P&I$3,000105%Property Taxes$1,01236%Insurance$1987%HOA$371%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%

Investment Breakdown

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Purchase Price

$565k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,650

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$5,614

Mortgage P&I

105%

$3,000

Property Taxes

36%

$1,012

Home Insurance

7%

$198

HOA

1%

$37

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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