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412 N State St, Belvidere, IL 61008

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Airbnb investment with a projected -7.29% first-year return on $63,066 initial cash invested.

-7.29%

Cash On Cash

4.73%

Cap Rate

0.74

DSCR

$2,261

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,261 income − $2,644 expenses = $383 out of pocket

Income$2,261Out of Pocket$383Mortgage P&I$1,13950%Property Taxes$35516%Insurance$663%Management$33915%CapEx$904%Maintenance$904%Other$56525%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,066

Downpayment

20%

$42,920

Closing costs

1%

$2,146

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,261

Total Expenses

$2,644

Mortgage P&I

50%

$1,139

Property Taxes

16%

$355

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$339

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$565

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