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1618 Highland Ave, Springfield, OH 45503

3 beds • 2 baths • 1407 sqft

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This property could be a profitable Airbnb investment with a projected 27.63% first-year return on $37,740 initial cash invested.

27.63%

Cash On Cash

19.39%

Cap Rate

2.84

DSCR

$2,909

Rent

$869

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,909 income − $2,040 expenses = $869 cash flow

Income$2,909Mortgage P&I$53418%Property Taxes$823%Insurance$291%Management$43615%CapEx$1164%Maintenance$1164%Other$72725%Cash Flow$869

Investment Breakdown

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Purchase Price

$94,000

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,740

Downpayment

20%

$18,800

Closing costs

1%

$940

Rehab

0%

$0

Furnishing

19%

$18,000

Cashflow

Total Income

$2,909

Total Expenses

$2,040

Mortgage P&I

18%

$534

Property Taxes

3%

$82

Home Insurance

1%

$29

HOA

0%

$0

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$727

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