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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 Airbnb investment with a projected -8.06% first-year return on $66,972 initial cash invested.

-8.06%

Cash On Cash

4.54%

Cap Rate

0.71

DSCR

$2,353

Rent

-$450

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

$66,972

Downpayment

20%

$46,640

Closing costs

1%

$2,332

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,353

Total Expenses

$2,803

Mortgage P&I

53%

$1,238

Property Taxes

15%

$352

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$588

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