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1403 N Magnolia Dr, Marion, IL 62959

3 beds • 3 baths • 2133 sqft

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This property looks like a bad Airbnb investment with a projected -13.32% first-year return on $76,947 initial cash invested.

-13.32%

Cash On Cash

2.66%

Cap Rate

0.45

DSCR

$2,016

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $2,870 expenses = $854 out of pocket

Income$2,016Out of Pocket$854Mortgage P&I$1,39669%Property Taxes$40320%Insurance$1035%Management$30215%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

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

$2,016

Total Expenses

$2,870

Mortgage P&I

69%

$1,396

Property Taxes

20%

$403

Home Insurance

5%

$103

HOA

0%

$0

Property Management

15%

$302

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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