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3143 W 1500n Rd, Kankakee, IL 60901

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Airbnb investment with a projected -15.27% first-year return on $118k initial cash invested.

-15.27%

Cash On Cash

2.33%

Cap Rate

0.4

DSCR

$3,022

Rent

-$1,499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $4,521 expenses = $1,499 out of pocket

Income$3,022Out of Pocket$1,499Mortgage P&I$2,29976%Property Taxes$59720%Insurance$1746%Management$45315%CapEx$1214%Maintenance$1214%Other$75625%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,020

Closing costs

1%

$4,751

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,022

Total Expenses

$4,521

Mortgage P&I

76%

$2,299

Property Taxes

20%

$597

Home Insurance

6%

$174

HOA

0%

$0

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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