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1624 Palmer Dr, Defiance, OH 43512

3 beds • 2 baths • 1464 sqft

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This property looks like a bad Airbnb investment with a projected -8.76% first-year return on $63,129 initial cash invested.

-8.76%

Cash On Cash

4.13%

Cap Rate

0.65

DSCR

$1,734

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,734

Total Expenses

$2,195

Mortgage P&I

65%

$1,132

Property Taxes

9%

$154

Home Insurance

4%

$77

HOA

0%

$0

Property Management

15%

$260

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$434

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