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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 -21.08% first-year return on $137k initial cash invested.

-21.08%

Cash On Cash

1.57%

Cap Rate

0.25

DSCR

$3,550

Rent

-$2,401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,550 income − $5,951 expenses = $2,401 out of pocket

Income$3,550Out of Pocket$2,401Mortgage P&I$3,00085%Property Taxes$1,01229%Insurance$1986%HOA$371%Management$53215%CapEx$1424%Maintenance$1424%Other$88825%

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

$3,550

Total Expenses

$5,951

Mortgage P&I

85%

$3,000

Property Taxes

29%

$1,012

Home Insurance

6%

$198

HOA

1%

$37

Property Management

15%

$532

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$888

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