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11829 Songbird Rd, Marion, IL 62959

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $48,972 initial cash invested.

-7.35%

Cash On Cash

5.31%

Cap Rate

0.83

DSCR

$1,857

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,972

Downpayment

20%

$46,640

Closing costs

1%

$2,332

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,857

Total Expenses

$2,157

Mortgage P&I

67%

$1,238

Property Taxes

19%

$352

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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