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924 Westview Dr, Springfield, IL 62704

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Airbnb investment with a projected -2.43% first-year return on $50,277 initial cash invested.

-2.43%

Cash On Cash

6.36%

Cap Rate

0.97

DSCR

$1,971

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $2,073 expenses = $102 out of pocket

Income$1,971Out of Pocket$102Mortgage P&I$83742%Property Taxes$22111%Insurance$683%Management$29615%CapEx$794%Maintenance$794%Other$49325%

Investment Breakdown

|

Purchase Price

$154k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,277

Downpayment

20%

$30,740

Closing costs

1%

$1,537

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,971

Total Expenses

$2,073

Mortgage P&I

42%

$837

Property Taxes

11%

$221

Home Insurance

3%

$68

HOA

0%

$0

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$493

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