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6501 Locust Ln, Franklin, OH 45005

3 beds • 3 baths • 2562 sqft

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This property looks like a bad Airbnb investment with a projected -9.73% first-year return on $87,279 initial cash invested.

-9.73%

Cash On Cash

3.67%

Cap Rate

0.63

DSCR

$2,695

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,695

Total Expenses

$3,403

Mortgage P&I

60%

$1,610

Property Taxes

14%

$383

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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