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261 N Wheatland Ave, Columbus, OH 43204

2 beds • 1 baths • 796 sqft

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This property might be a fair Airbnb investment with a projected 4.16% first-year return on $42,429 initial cash invested.

4.16%

Cash On Cash

8.21%

Cap Rate

1.3

DSCR

$2,022

Rent

$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$145k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,429

Downpayment

20%

$28,980

Closing costs

1%

$1,449

Rehab

0%

$0

Furnishing

8%

$12,000

Cashflow

Total Income

$2,022

Total Expenses

$1,875

Mortgage P&I

38%

$763

Property Taxes

4%

$90

Home Insurance

3%

$51

HOA

0%

$0

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Best in the West 2br unit 5 min from downtown

$2,392

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2

1

0.41 mi

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$1,246

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2

1

1.06 mi

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2

1

1.18 mi

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$1,799

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2

1

1.28 mi

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$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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