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404 N Prospect St, Rockford, IL 61107

3 beds • 2 baths • 2174 sqft

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This property looks like a bad Airbnb investment with a projected -2.96% first-year return on $72,600 initial cash invested.

-2.96%

Cash On Cash

5.76%

Cap Rate

0.96

DSCR

$3,219

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,219 income − $3,398 expenses = $179 out of pocket

Income$3,219Out of Pocket$179Mortgage P&I$1,29740%Property Taxes$46414%Insurance$913%Management$48315%CapEx$1294%Maintenance$1294%Other$80525%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$3,398

Mortgage P&I

40%

$1,297

Property Taxes

14%

$464

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$805

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