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618 E Macomb St, Belvidere, IL 61008

3 beds • 3 baths • 1794 sqft

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This property looks like a bad Airbnb investment with a projected -6.26% first-year return on $63,675 initial cash invested.

-6.26%

Cash On Cash

5.11%

Cap Rate

0.8

DSCR

$2,472

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $2,804 expenses = $332 out of pocket

Income$2,472Out of Pocket$332Mortgage P&I$1,15947%Property Taxes$38115%Insurance$773%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,675

Downpayment

20%

$43,500

Closing costs

1%

$2,175

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,472

Total Expenses

$2,804

Mortgage P&I

47%

$1,159

Property Taxes

15%

$381

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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