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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 -21.31% first-year return on $103k initial cash invested.

-21.31%

Cash On Cash

0.91%

Cap Rate

0.15

DSCR

$1,732

Rent

-$1,834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,732 income − $3,566 expenses = $1,834 out of pocket

Income$1,732Out of Pocket$1,834Mortgage P&I$2,072120%Property Taxes$51430%Insurance$1499%Management$26015%CapEx$694%Maintenance$694%Other$43325%

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

$1,732

Total Expenses

$3,566

Mortgage P&I

120%

$2,072

Property Taxes

30%

$514

Home Insurance

9%

$149

HOA

0%

$0

Property Management

15%

$260

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$433

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