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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 -9.47% first-year return on $146k initial cash invested.

-9.47%

Cash On Cash

4%

Cap Rate

0.68

DSCR

$5,131

Rent

-$1,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,131 income − $6,282 expenses = $1,151 out of pocket

Income$5,131Out of Pocket$1,151Mortgage P&I$2,97458%Property Taxes$61812%Insurance$2274%Management$77015%CapEx$2054%Maintenance$2054%Other$1,28325%

Investment Breakdown

|

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

$5,131

Total Expenses

$6,282

Mortgage P&I

58%

$2,974

Property Taxes

12%

$618

Home Insurance

4%

$227

HOA

0%

$0

Property Management

15%

$770

CapEx

4%

$205

Vacancy

0%

$0

Maintenance

4%

$205

Other

25%

$1,283

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