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6255 W State Route 17 Rd, Kankakee, IL 60901

3 beds • 2 baths • 2000 sqft

$1,250,000

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This property looks like a bad Airbnb investment with a projected -24.43% first-year return on $281k initial cash invested.

-24.43%

Cash On Cash

1.01%

Cap Rate

0.16

DSCR

$4,094

Rent

-$5,710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,094 income − $9,804 expenses = $5,710 out of pocket

Income$4,094Out of Pocket$5,710Mortgage P&I$6,601161%Property Taxes$79920%Insurance$43811%Management$61415%CapEx$1644%Maintenance$1644%Other$1,02425%

Investment Breakdown

|

Purchase Price

$1250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$281k

Downpayment

20%

$250k

Closing costs

1%

$12,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,094

Total Expenses

$9,804

Mortgage P&I

161%

$6,601

Property Taxes

20%

$799

Home Insurance

11%

$438

HOA

0%

$0

Property Management

15%

$614

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,024

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