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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 -5.52% first-year return on $63,066 initial cash invested.

-5.52%

Cash On Cash

5.3%

Cap Rate

0.83

DSCR

$2,443

Rent

-$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,443 income − $2,733 expenses = $290 out of pocket

Income$2,443Out of Pocket$290Mortgage P&I$1,13947%Property Taxes$35515%Insurance$663%Management$36615%CapEx$984%Maintenance$984%Other$61125%

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

$2,443

Total Expenses

$2,733

Mortgage P&I

47%

$1,139

Property Taxes

15%

$355

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$611

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