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$3,336 (target)

1403 N Magnolia Dr, Marion, IL 62959

3 beds • 3 baths • 2133 sqft

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This property might be a fair Mid-Term investment with a projected 4.69% first-year return on $76,947 initial cash invested.

4.69%

Cash On Cash

7.82%

Cap Rate

1.31

DSCR

$3,336

Rent

$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,336 income − $3,035 expenses = $301 cash flow

Income$3,336Mortgage P&I$1,39642%Property Taxes$40312%Insurance$1033%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36711%Cash Flow$301

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,947

Downpayment

20%

$56,140

Closing costs

1%

$2,807

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,336

Total Expenses

$3,035

Mortgage P&I

42%

$1,396

Property Taxes

12%

$403

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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