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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 -4.34% first-year return on $63,066 initial cash invested.

-4.34%

Cash On Cash

5.67%

Cap Rate

0.89

DSCR

$2,563

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,563 income − $2,791 expenses = $228 out of pocket

Income$2,563Out of Pocket$228Mortgage P&I$1,13944%Property Taxes$35514%Insurance$663%Management$38415%CapEx$1034%Maintenance$1034%Other$64125%

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

$2,563

Total Expenses

$2,791

Mortgage P&I

44%

$1,139

Property Taxes

14%

$355

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

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