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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 -3.96% first-year return on $96,750 initial cash invested.

-3.96%

Cash On Cash

5.56%

Cap Rate

0.92

DSCR

$4,246

Rent

-$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,246 income − $4,565 expenses = $319 out of pocket

Income$4,246Out of Pocket$319Mortgage P&I$1,88644%Property Taxes$50912%Insurance$1313%Management$63715%CapEx$1704%Maintenance$1704%Other$1,06225%

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

$4,246

Total Expenses

$4,565

Mortgage P&I

44%

$1,886

Property Taxes

12%

$509

Home Insurance

3%

$131

HOA

0%

$0

Property Management

15%

$637

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,062

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