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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 -2.65% first-year return on $96,750 initial cash invested.

-2.65%

Cash On Cash

5.92%

Cap Rate

0.98

DSCR

$4,447

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,447 income − $4,661 expenses = $214 out of pocket

Income$4,447Out of Pocket$214Mortgage P&I$1,88642%Property Taxes$50911%Insurance$1313%Management$66715%CapEx$1784%Maintenance$1784%Other$1,11225%

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

$4,447

Total Expenses

$4,661

Mortgage P&I

42%

$1,886

Property Taxes

11%

$509

Home Insurance

3%

$131

HOA

0%

$0

Property Management

15%

$667

CapEx

4%

$178

Vacancy

0%

$0

Maintenance

4%

$178

Other

25%

$1,112

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