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87 Morningside Dr, Glen Carbon, IL 62034

3 beds • 3 baths • 1692 sqft

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This property looks like a bad Airbnb investment with a projected -8.7% first-year return on $75,624 initial cash invested.

-8.7%

Cash On Cash

4.46%

Cap Rate

0.7

DSCR

$2,832

Rent

-$548

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $3,380 expenses = $548 out of pocket

Income$2,832Out of Pocket$548Mortgage P&I$1,45451%Property Taxes$46016%Insurance$1034%HOA$4Management$42515%CapEx$1134%Maintenance$1134%Other$70825%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,624

Downpayment

20%

$54,880

Closing costs

1%

$2,744

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,832

Total Expenses

$3,380

Mortgage P&I

51%

$1,454

Property Taxes

16%

$460

Home Insurance

4%

$103

HOA

0%

$4

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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