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8622 N Cherryville Ln, Mount Vernon, IL 62864

3 beds • 3 baths • 2170 sqft

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This property looks like a bad Airbnb investment with a projected -23.36% first-year return on $103k initial cash invested.

-23.36%

Cash On Cash

0.35%

Cap Rate

0.06

DSCR

$1,394

Rent

-$2,010

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,394 income − $3,404 expenses = $2,010 out of pocket

Income$1,394Out of Pocket$2,010Mortgage P&I$2,072149%Property Taxes$51437%Insurance$14911%Management$20915%CapEx$564%Maintenance$564%Other$34825%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,200

Closing costs

1%

$4,060

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,394

Total Expenses

$3,404

Mortgage P&I

149%

$2,072

Property Taxes

37%

$514

Home Insurance

11%

$149

HOA

0%

$0

Property Management

15%

$209

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$348

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