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1535 Howard Rd, Marion, IL 62959

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Airbnb investment with a projected -8.33% first-year return on $146k initial cash invested.

-8.33%

Cash On Cash

4.29%

Cap Rate

0.73

DSCR

$5,399

Rent

-$1,012

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,399 income − $6,411 expenses = $1,012 out of pocket

Income$5,399Out of Pocket$1,012Mortgage P&I$2,97455%Property Taxes$61811%Insurance$2274%Management$81015%CapEx$2164%Maintenance$2164%Other$1,35025%

Investment Breakdown

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Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,087

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,399

Total Expenses

$6,411

Mortgage P&I

55%

$2,974

Property Taxes

11%

$618

Home Insurance

4%

$227

HOA

0%

$0

Property Management

15%

$810

CapEx

4%

$216

Vacancy

0%

$0

Maintenance

4%

$216

Other

25%

$1,350

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