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6806 Scenic Byways Ln, Godfrey, IL 62035

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Airbnb investment with a projected -9.35% first-year return on $81,840 initial cash invested.

-9.35%

Cash On Cash

4.14%

Cap Rate

0.67

DSCR

$2,928

Rent

-$638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,928 income − $3,566 expenses = $638 out of pocket

Income$2,928Out of Pocket$638Mortgage P&I$1,57154%Property Taxes$44915%Insurance$1124%HOA$291%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,840

Downpayment

20%

$60,800

Closing costs

1%

$3,040

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,928

Total Expenses

$3,566

Mortgage P&I

54%

$1,571

Property Taxes

15%

$449

Home Insurance

4%

$112

HOA

1%

$29

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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