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828 N Ridgeland Ave, Oak Park, IL 60302

3 beds • 2 baths • 2373 sqft

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This property looks like a bad Airbnb investment with a projected -31.5% first-year return on $102k initial cash invested.

-31.5%

Cash On Cash

-2.03%

Cap Rate

-0.35

DSCR

$1,648

Rent

-$2,672

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,648 income − $4,320 expenses = $2,672 out of pocket

Income$1,648Out of Pocket$2,672Mortgage P&I$1,931117%Property Taxes$1,45888%Insurance$1408%Management$24715%CapEx$664%Maintenance$664%Other$41225%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,648

Total Expenses

$4,320

Mortgage P&I

117%

$1,931

Property Taxes

88%

$1,458

Home Insurance

9%

$140

HOA

0%

$0

Property Management

15%

$247

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$412

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