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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 -7.4% first-year return on $64,053 initial cash invested.

-7.4%

Cash On Cash

4.72%

Cap Rate

0.73

DSCR

$2,103

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,103 income − $2,498 expenses = $395 out of pocket

Income$2,103Out of Pocket$395Mortgage P&I$1,17356%Property Taxes$23611%Insurance$804%Management$31515%CapEx$844%Maintenance$844%Other$52625%

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

$2,103

Total Expenses

$2,498

Mortgage P&I

56%

$1,173

Property Taxes

11%

$236

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$315

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$526

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