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3513 Wabash Ave, Granite City, IL 62040

3 beds • 3 baths • 4611 sqft

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This property looks like a bad Airbnb investment with a projected -10.27% first-year return on $86,250 initial cash invested.

-10.27%

Cash On Cash

3.73%

Cap Rate

0.62

DSCR

$2,706

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,706

Total Expenses

$3,444

Mortgage P&I

61%

$1,640

Property Taxes

14%

$392

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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