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866 Summit St, Defiance, OH 43512

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Airbnb investment with a projected -10.93% first-year return on $63,150 initial cash invested.

-10.93%

Cash On Cash

3.59%

Cap Rate

0.56

DSCR

$1,529

Rent

-$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,529 income − $2,104 expenses = $575 out of pocket

Income$1,529Out of Pocket$575Mortgage P&I$1,15776%Property Taxes$1399%Insurance$755%Management$22915%CapEx$614%Maintenance$614%Other$38225%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,529

Total Expenses

$2,104

Mortgage P&I

76%

$1,157

Property Taxes

9%

$139

Home Insurance

5%

$75

HOA

0%

$0

Property Management

15%

$229

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$382

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