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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 -24.65% first-year return on $281k initial cash invested.

-24.65%

Cash On Cash

0.96%

Cap Rate

0.15

DSCR

$3,993

Rent

-$5,762

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,993 income − $9,755 expenses = $5,762 out of pocket

Income$3,993Out of Pocket$5,762Mortgage P&I$6,601165%Property Taxes$79920%Insurance$43811%Management$59915%CapEx$1604%Maintenance$1604%Other$99825%

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

$3,993

Total Expenses

$9,755

Mortgage P&I

165%

$6,601

Property Taxes

20%

$799

Home Insurance

11%

$438

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$998

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