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6343 Old Columbus Rd, Springfield, OH 45502

3 beds • 2 baths • 1708 sqft

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This property looks like a bad Airbnb investment with a projected -8.36% first-year return on $78,963 initial cash invested.

-8.36%

Cash On Cash

4.34%

Cap Rate

0.7

DSCR

$2,524

Rent

-$550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,524 income − $3,074 expenses = $550 out of pocket

Income$2,524Out of Pocket$550Mortgage P&I$1,49859%Property Taxes$26110%Insurance$1034%Management$37915%CapEx$1014%Maintenance$1014%Other$63125%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,963

Downpayment

20%

$58,060

Closing costs

1%

$2,903

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,524

Total Expenses

$3,074

Mortgage P&I

59%

$1,498

Property Taxes

10%

$261

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$379

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$631

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