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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 -11.4% first-year return on $76,023 initial cash invested.

-11.4%

Cash On Cash

3.64%

Cap Rate

0.57

DSCR

$2,221

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $2,943 expenses = $722 out of pocket

Income$2,221Out of Pocket$722Mortgage P&I$1,47266%Property Taxes$31714%Insurance$884%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

|

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

$2,221

Total Expenses

$2,943

Mortgage P&I

66%

$1,472

Property Taxes

14%

$317

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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