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3620 Old Mill Rd, Springfield, OH 45502

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Airbnb investment with a projected -11.15% first-year return on $92,256 initial cash invested.

-11.15%

Cash On Cash

3.59%

Cap Rate

0.59

DSCR

$2,849

Rent

-$857

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,849 income − $3,706 expenses = $857 out of pocket

Income$2,849Out of Pocket$857Mortgage P&I$1,80263%Property Taxes$41114%Insurance$1264%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,256

Downpayment

20%

$70,720

Closing costs

1%

$3,536

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,849

Total Expenses

$3,706

Mortgage P&I

63%

$1,802

Property Taxes

14%

$411

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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