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301 E Fernwood St, Morton, IL 61550

3 beds • 2 baths • 2238 sqft

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This property looks like a bad Airbnb investment with a projected -8.78% first-year return on $81,756 initial cash invested.

-8.78%

Cash On Cash

4.48%

Cap Rate

0.7

DSCR

$2,980

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $3,578 expenses = $598 out of pocket

Income$2,980Out of Pocket$598Mortgage P&I$1,61254%Property Taxes$43815%Insurance$983%Management$44715%CapEx$1194%Maintenance$1194%Other$74525%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,980

Total Expenses

$3,578

Mortgage P&I

54%

$1,612

Property Taxes

15%

$438

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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