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492 1st Ave, Des Plaines, IL 60016

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -11.89% first-year return on $99,984 initial cash invested.

-11.89%

Cash On Cash

3.24%

Cap Rate

0.55

DSCR

$3,081

Rent

-$991

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,081 income − $4,072 expenses = $991 out of pocket

Income$3,081Out of Pocket$991Mortgage P&I$1,92362%Property Taxes$53317%Insurance$1384%Management$46215%CapEx$1234%Maintenance$1234%Other$77025%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,984

Downpayment

20%

$78,080

Closing costs

1%

$3,904

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,081

Total Expenses

$4,072

Mortgage P&I

62%

$1,923

Property Taxes

17%

$533

Home Insurance

4%

$138

HOA

0%

$0

Property Management

15%

$462

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$770

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