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1901 N Fair St, Marion, IL 62959

3 beds • 3 baths • 2864 sqft

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This property looks like a bad Airbnb investment with a projected -18.78% first-year return on $96,078 initial cash invested.

-18.78%

Cash On Cash

1.8%

Cap Rate

0.28

DSCR

$2,308

Rent

-$1,504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $3,812 expenses = $1,504 out of pocket

Income$2,308Out of Pocket$1,504Mortgage P&I$1,97085%Property Taxes$59926%Insurance$1366%Management$34615%CapEx$924%Maintenance$924%Other$57725%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,078

Downpayment

20%

$74,360

Closing costs

1%

$3,718

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,308

Total Expenses

$3,812

Mortgage P&I

85%

$1,970

Property Taxes

26%

$599

Home Insurance

6%

$136

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$577

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