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1024 18th St, Marion, IA 52302

3 beds • 3 baths • 2649 sqft

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This property looks like a bad Airbnb investment with a projected -5.56% first-year return on $77,850 initial cash invested.

-5.56%

Cash On Cash

5.05%

Cap Rate

0.83

DSCR

$2,824

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,824 income − $3,185 expenses = $361 out of pocket

Income$2,824Out of Pocket$361Mortgage P&I$1,44751%Property Taxes$28210%Insurance$1004%Management$42415%CapEx$1134%Maintenance$1134%Other$70625%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,824

Total Expenses

$3,185

Mortgage P&I

51%

$1,447

Property Taxes

10%

$282

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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