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610 McClure Ave, Elgin, IL 60123

3 beds • 2 baths • 1012 sqft

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This property looks like a bad Airbnb investment with a projected -8.81% first-year return on $80,475 initial cash invested.

-8.81%

Cash On Cash

4.07%

Cap Rate

0.68

DSCR

$2,764

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,764 income − $3,355 expenses = $591 out of pocket

Income$2,764Out of Pocket$591Mortgage P&I$1,48854%Property Taxes$43416%Insurance$1054%Management$41515%CapEx$1114%Maintenance$1114%Other$69125%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,475

Downpayment

20%

$59,500

Closing costs

1%

$2,975

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,764

Total Expenses

$3,355

Mortgage P&I

54%

$1,488

Property Taxes

16%

$434

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$415

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$691

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