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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 -10.15% first-year return on $64,179 initial cash invested.

-10.15%

Cash On Cash

3.83%

Cap Rate

0.6

DSCR

$1,683

Rent

-$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,683 income − $2,226 expenses = $543 out of pocket

Income$1,683Out of Pocket$543Mortgage P&I$1,17870%Property Taxes$18011%Insurance$614%Management$25215%CapEx$674%Maintenance$674%Other$42125%

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

$1,683

Total Expenses

$2,226

Mortgage P&I

70%

$1,178

Property Taxes

11%

$180

Home Insurance

4%

$61

HOA

0%

$0

Property Management

15%

$252

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$421

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