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5537 Wards Mill Rd, Marion, IL 62959

3 beds • 3 baths • 2133 sqft

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This property looks like a bad Airbnb investment with a projected -3.91% first-year return on $139k initial cash invested.

-3.91%

Cash On Cash

5.6%

Cap Rate

0.92

DSCR

$5,797

Rent

-$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,797 income − $6,249 expenses = $452 out of pocket

Income$5,797Out of Pocket$452Mortgage P&I$2,90250%Property Taxes$3636%Insurance$2013%Management$87015%CapEx$2324%Maintenance$2324%Other$1,44925%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,797

Total Expenses

$6,249

Mortgage P&I

50%

$2,902

Property Taxes

6%

$363

Home Insurance

3%

$201

HOA

0%

$0

Property Management

15%

$870

CapEx

4%

$232

Vacancy

0%

$0

Maintenance

4%

$232

Other

25%

$1,449

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