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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 -16.25% first-year return on $146k initial cash invested.

-16.25%

Cash On Cash

2.25%

Cap Rate

0.38

DSCR

$3,546

Rent

-$1,975

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,546 income − $5,521 expenses = $1,975 out of pocket

Income$3,546Out of Pocket$1,975Mortgage P&I$2,97484%Property Taxes$61817%Insurance$2276%Management$53215%CapEx$1424%Maintenance$1424%Other$88625%

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

$3,546

Total Expenses

$5,521

Mortgage P&I

84%

$2,974

Property Taxes

17%

$618

Home Insurance

6%

$227

HOA

0%

$0

Property Management

15%

$532

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$886

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