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450 W Chenery St, Springfield, IL 62704

3 beds • 2 baths • 2813 sqft

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This property might be a fair Airbnb investment with a projected 4.41% first-year return on $56,010 initial cash invested.

4.41%

Cash On Cash

8.49%

Cap Rate

1.33

DSCR

$2,859

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $2,653 expenses = $206 cash flow

Income$2,859Mortgage P&I$96034%Property Taxes$2609%Insurance$612%Management$42915%CapEx$1144%Maintenance$1144%Other$71525%Cash Flow$206

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,010

Downpayment

20%

$36,200

Closing costs

1%

$1,810

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$2,653

Mortgage P&I

34%

$960

Property Taxes

9%

$260

Home Insurance

2%

$61

HOA

0%

$0

Property Management

15%

$429

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$715

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