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824 Pace Ave, Mount Vernon, IL 62864

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Airbnb investment with a projected -12.36% first-year return on $52,902 initial cash invested.

-12.36%

Cash On Cash

2.93%

Cap Rate

0.46

DSCR

$1,819

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,819 income − $2,364 expenses = $545 out of pocket

Income$1,819Out of Pocket$545Mortgage P&I$87848%Property Taxes$55330%Insurance$593%Management$27315%CapEx$734%Maintenance$734%Other$45525%

Investment Breakdown

|

Purchase Price

$166k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,902

Downpayment

20%

$33,240

Closing costs

1%

$1,662

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,819

Total Expenses

$2,364

Mortgage P&I

48%

$878

Property Taxes

30%

$553

Home Insurance

3%

$59

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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