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4222 Ramsey Ln, Springfield, OH 45502

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -15.27% first-year return on $128k initial cash invested.

-15.27%

Cash On Cash

2.42%

Cap Rate

0.41

DSCR

$2,830

Rent

-$1,624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $4,454 expenses = $1,624 out of pocket

Income$2,830Out of Pocket$1,624Mortgage P&I$2,56591%Property Taxes$34412%Insurance$1877%Management$42415%CapEx$1134%Maintenance$1134%Other$70825%

Investment Breakdown

|

Purchase Price

$522k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$104k

Closing costs

1%

$5,219

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,830

Total Expenses

$4,454

Mortgage P&I

91%

$2,565

Property Taxes

12%

$344

Home Insurance

7%

$187

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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