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$1,512 (target)

1405 Morgan Ave, Marion, IL 62959

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $53,679 initial cash invested.

-0.85%

Cash On Cash

6.63%

Cap Rate

1.02

DSCR

$1,512

Rent

-$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,512 income − $1,550 expenses = $38 out of pocket

Income$1,512Out of Pocket$38Mortgage P&I$91661%Property Taxes$624%Insurance$604%Management$18112%CapEx$604%Vacancy$453%Maintenance$604%Other$16611%

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

$1,512

Total Expenses

$1,550

Mortgage P&I

61%

$916

Property Taxes

4%

$62

Home Insurance

4%

$60

HOA

0%

$0

Property Management

12%

$181

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$166

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