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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 -11.09% first-year return on $89,568 initial cash invested.

-11.09%

Cash On Cash

3.39%

Cap Rate

0.56

DSCR

$2,136

Rent

-$828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,136 income − $2,964 expenses = $828 out of pocket

Income$2,136Out of Pocket$828Mortgage P&I$1,70780%Property Taxes$1115%Insurance$1226%Management$32015%CapEx$854%Maintenance$854%Other$53425%

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

$2,136

Total Expenses

$2,964

Mortgage P&I

80%

$1,707

Property Taxes

5%

$111

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$534

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