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2561 Ballentine Pike, Springfield, OH 45502

3 beds • 2 baths • 1913 sqft

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This property looks like a bad Airbnb investment with a projected -6.6% first-year return on $84,402 initial cash invested.

-6.6%

Cash On Cash

4.66%

Cap Rate

0.78

DSCR

$2,815

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,815 income − $3,279 expenses = $464 out of pocket

Income$2,815Out of Pocket$464Mortgage P&I$1,57856%Property Taxes$2358%Insurance$1144%Management$42215%CapEx$1134%Maintenance$1134%Other$70425%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,402

Downpayment

20%

$63,240

Closing costs

1%

$3,162

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,815

Total Expenses

$3,279

Mortgage P&I

56%

$1,578

Property Taxes

8%

$235

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$704

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