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3000 Clayton Ave, Springfield, OH 45502

3 beds • 2 baths • 1822 sqft

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This property looks like a bad Airbnb investment with a projected -18.15% first-year return on $120k initial cash invested.

-18.15%

Cash On Cash

1.71%

Cap Rate

0.29

DSCR

$2,231

Rent

-$1,812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,231 income − $4,043 expenses = $1,812 out of pocket

Income$2,231Out of Pocket$1,812Mortgage P&I$2,416108%Property Taxes$38617%Insurance$1708%Management$33515%CapEx$894%Maintenance$894%Other$55825%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,980

Closing costs

1%

$4,849

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,231

Total Expenses

$4,043

Mortgage P&I

108%

$2,416

Property Taxes

17%

$386

Home Insurance

8%

$170

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$558

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