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3512 38th St, Rock Island, IL 61201

3 beds • 3 baths • 1335 sqft

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This property looks like a bad Airbnb investment with a projected -12.1% first-year return on $67,056 initial cash invested.

-12.1%

Cash On Cash

3.62%

Cap Rate

0.55

DSCR

$2,410

Rent

-$676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $3,086 expenses = $676 out of pocket

Income$2,410Out of Pocket$676Mortgage P&I$1,28453%Property Taxes$56223%Insurance$843%Management$36215%CapEx$964%Maintenance$964%Other$60225%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,056

Downpayment

20%

$46,720

Closing costs

1%

$2,336

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,410

Total Expenses

$3,086

Mortgage P&I

53%

$1,284

Property Taxes

23%

$562

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$362

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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