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318 Cortner Dr, Smithton, IL 62285

3 beds • 3 baths • 2500 sqft

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This property looks like a bad Airbnb investment with a projected -10.21% first-year return on $87,426 initial cash invested.

-10.21%

Cash On Cash

4.12%

Cap Rate

0.65

DSCR

$3,173

Rent

-$744

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,173 income − $3,917 expenses = $744 out of pocket

Income$3,173Out of Pocket$744Mortgage P&I$1,75155%Property Taxes$56418%Insurance$792%Management$47615%CapEx$1274%Maintenance$1274%Other$79325%

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,426

Downpayment

20%

$66,120

Closing costs

1%

$3,306

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,173

Total Expenses

$3,917

Mortgage P&I

55%

$1,751

Property Taxes

18%

$564

Home Insurance

2%

$79

HOA

0%

$0

Property Management

15%

$476

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$793

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