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311 Gateway Rd, Marion, IL 62959

3 beds • 2 baths • 1720 sqft

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This property looks like a bad Airbnb investment with a projected -9.6% first-year return on $80,370 initial cash invested.

-9.6%

Cash On Cash

4.14%

Cap Rate

0.65

DSCR

$2,356

Rent

-$643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,356 income − $2,999 expenses = $643 out of pocket

Income$2,356Out of Pocket$643Mortgage P&I$1,57467%Property Taxes$1918%Insurance$1044%Management$35315%CapEx$944%Maintenance$944%Other$58925%

Investment Breakdown

|

Purchase Price

$297k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,370

Downpayment

20%

$59,400

Closing costs

1%

$2,970

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,356

Total Expenses

$2,999

Mortgage P&I

67%

$1,574

Property Taxes

8%

$191

Home Insurance

4%

$104

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$589

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