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41 Steelecrest Ln, Granite City, IL 62040

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Airbnb investment with a projected -8.95% first-year return on $54,582 initial cash invested.

-8.95%

Cash On Cash

4.22%

Cap Rate

0.65

DSCR

$1,806

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,806 income − $2,213 expenses = $407 out of pocket

Income$1,806Out of Pocket$407Mortgage P&I$94852%Property Taxes$34219%Insurance$563%Management$27115%CapEx$724%Maintenance$724%Other$45225%

Investment Breakdown

|

Purchase Price

$174k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,582

Downpayment

20%

$34,840

Closing costs

1%

$1,742

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,806

Total Expenses

$2,213

Mortgage P&I

52%

$948

Property Taxes

19%

$342

Home Insurance

3%

$56

HOA

0%

$0

Property Management

15%

$271

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$452

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