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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 -9.98% first-year return on $54,582 initial cash invested.

-9.98%

Cash On Cash

3.88%

Cap Rate

0.59

DSCR

$1,718

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,718 income − $2,172 expenses = $454 out of pocket

Income$1,718Out of Pocket$454Mortgage P&I$94855%Property Taxes$34220%Insurance$563%Management$25815%CapEx$694%Maintenance$694%Other$43025%

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

$1,718

Total Expenses

$2,172

Mortgage P&I

55%

$948

Property Taxes

20%

$342

Home Insurance

3%

$56

HOA

0%

$0

Property Management

15%

$258

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$430

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