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409 April Ave, Carmi, IL 62821

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -7.1% first-year return on $64,053 initial cash invested.

-7.1%

Cash On Cash

4.81%

Cap Rate

0.75

DSCR

$2,133

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,133 income − $2,512 expenses = $379 out of pocket

Income$2,133Out of Pocket$379Mortgage P&I$1,17355%Property Taxes$23611%Insurance$804%Management$32015%CapEx$854%Maintenance$854%Other$53325%

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,053

Downpayment

20%

$43,860

Closing costs

1%

$2,193

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,133

Total Expenses

$2,512

Mortgage P&I

55%

$1,173

Property Taxes

11%

$236

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$533

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