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1405 Morgan Ave, Marion, IL 62959

3 beds • 2 baths • 1750 sqft

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This property might be a fair Airbnb investment with a projected 4.52% first-year return on $53,679 initial cash invested.

4.52%

Cash On Cash

8.57%

Cap Rate

1.32

DSCR

$2,384

Rent

$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $2,182 expenses = $202 cash flow

Income$2,384Mortgage P&I$91638%Property Taxes$623%Insurance$603%Management$35815%CapEx$954%Maintenance$954%Other$59625%Cash Flow$202

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,679

Downpayment

20%

$33,980

Closing costs

1%

$1,699

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,384

Total Expenses

$2,182

Mortgage P&I

38%

$916

Property Taxes

3%

$62

Home Insurance

3%

$60

HOA

0%

$0

Property Management

15%

$358

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$596

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