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2423 Hillside Ave, Springfield, OH 45503

3 beds • 2 baths • 944 sqft

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This property could be a profitable Airbnb investment with a projected 10.27% first-year return on $54,225 initial cash invested.

10.27%

Cash On Cash

10.41%

Cap Rate

1.64

DSCR

$2,999

Rent

$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,999 income − $2,535 expenses = $464 cash flow

Income$2,999Mortgage P&I$91230%Property Taxes$1224%Insurance$612%Management$45015%CapEx$1204%Maintenance$1204%Other$75025%Cash Flow$464

Investment Breakdown

|

Purchase Price

$173k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,225

Downpayment

20%

$34,500

Closing costs

1%

$1,725

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,999

Total Expenses

$2,535

Mortgage P&I

30%

$912

Property Taxes

4%

$122

Home Insurance

2%

$61

HOA

0%

$0

Property Management

15%

$450

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$750

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