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3615 24th Ave, Marion, IA 52302

3 beds • 3 baths • 1948 sqft

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This property looks like a bad Airbnb investment with a projected -11.36% first-year return on $96,750 initial cash invested.

-11.36%

Cash On Cash

3.5%

Cap Rate

0.58

DSCR

$3,097

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,097 income − $4,013 expenses = $916 out of pocket

Income$3,097Out of Pocket$916Mortgage P&I$1,88661%Property Taxes$50916%Insurance$1314%Management$46515%CapEx$1244%Maintenance$1244%Other$77425%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,097

Total Expenses

$4,013

Mortgage P&I

61%

$1,886

Property Taxes

16%

$509

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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