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375 Melmore St, Tiffin, OH 44883

3 beds • 2 baths • 2142 sqft

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This property looks like a bad Airbnb investment with a projected -1.28% first-year return on $72,180 initial cash invested.

-1.28%

Cash On Cash

6.21%

Cap Rate

1.03

DSCR

$2,845

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,845 income − $2,922 expenses = $77 out of pocket

Income$2,845Out of Pocket$77Mortgage P&I$1,29846%Property Taxes$1656%Insurance$933%Management$42715%CapEx$1144%Maintenance$1144%Other$71125%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,180

Downpayment

20%

$51,600

Closing costs

1%

$2,580

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,845

Total Expenses

$2,922

Mortgage P&I

46%

$1,298

Property Taxes

6%

$165

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$711

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