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2787 E Cherry Ln, Marion, IN 46953

3 beds • 3 baths • 3104 sqft

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This property looks like a bad Airbnb investment with a projected -10.4% first-year return on $89,568 initial cash invested.

-10.4%

Cash On Cash

3.59%

Cap Rate

0.6

DSCR

$2,237

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,237 income − $3,013 expenses = $776 out of pocket

Income$2,237Out of Pocket$776Mortgage P&I$1,70776%Property Taxes$1115%Insurance$1225%Management$33615%CapEx$894%Maintenance$894%Other$55925%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,568

Downpayment

20%

$68,160

Closing costs

1%

$3,408

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,237

Total Expenses

$3,013

Mortgage P&I

76%

$1,707

Property Taxes

5%

$111

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$559

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