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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 -11.43% first-year return on $76,947 initial cash invested.

-11.43%

Cash On Cash

3.22%

Cap Rate

0.54

DSCR

$2,248

Rent

-$733

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $2,981 expenses = $733 out of pocket

Income$2,248Out of Pocket$733Mortgage P&I$1,39662%Property Taxes$40318%Insurance$1035%Management$33715%CapEx$904%Maintenance$904%Other$56225%

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

$2,248

Total Expenses

$2,981

Mortgage P&I

62%

$1,396

Property Taxes

18%

$403

Home Insurance

5%

$103

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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