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607 N McLaren St, Marion, IL 62959

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Airbnb investment with a projected -2.67% first-year return on $50,340 initial cash invested.

-2.67%

Cash On Cash

6.07%

Cap Rate

0.95

DSCR

$1,755

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,755 income − $1,867 expenses = $112 out of pocket

Income$1,755Out of Pocket$112Mortgage P&I$82147%Property Taxes$1509%Insurance$543%Management$26315%CapEx$704%Maintenance$704%Other$43925%

Investment Breakdown

|

Purchase Price

$154k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,340

Downpayment

20%

$30,800

Closing costs

1%

$1,540

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,755

Total Expenses

$1,867

Mortgage P&I

47%

$821

Property Taxes

9%

$150

Home Insurance

3%

$54

HOA

0%

$0

Property Management

15%

$263

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$439

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