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2608 Craig Rd, Springfield, OH 45502

3 beds • 2 baths • 1432 sqft

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This property looks like a bad Airbnb investment with a projected -6.93% first-year return on $89,169 initial cash invested.

-6.93%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$2,941

Rent

-$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,941 income − $3,456 expenses = $515 out of pocket

Income$2,941Out of Pocket$515Mortgage P&I$1,70558%Property Taxes$2177%Insurance$1224%Management$44115%CapEx$1184%Maintenance$1184%Other$73525%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,941

Total Expenses

$3,456

Mortgage P&I

58%

$1,705

Property Taxes

7%

$217

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$441

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$735

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