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302 E Mechanic St, Wapakoneta, OH 45895

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Airbnb investment with a projected -11.35% first-year return on $64,179 initial cash invested.

-11.35%

Cash On Cash

3.46%

Cap Rate

0.54

DSCR

$1,564

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,564 income − $2,171 expenses = $607 out of pocket

Income$1,564Out of Pocket$607Mortgage P&I$1,17875%Property Taxes$18012%Insurance$614%Management$23515%CapEx$634%Maintenance$634%Other$39125%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,564

Total Expenses

$2,171

Mortgage P&I

75%

$1,178

Property Taxes

12%

$180

Home Insurance

4%

$61

HOA

0%

$0

Property Management

15%

$235

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$391

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