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1307 N Magnolia Dr, Marion, IL 62959

3 beds • 2 baths • 2045 sqft

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This property looks like a bad Airbnb investment with a projected -10.84% first-year return on $76,023 initial cash invested.

-10.84%

Cash On Cash

3.81%

Cap Rate

0.6

DSCR

$2,289

Rent

-$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,023

Downpayment

20%

$55,260

Closing costs

1%

$2,763

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,289

Total Expenses

$2,976

Mortgage P&I

64%

$1,472

Property Taxes

14%

$317

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$343

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$572

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