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7131 Spiker Rd, Piqua, OH 45356

3 beds • 2 baths • 1908 sqft

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This property looks like a bad Airbnb investment with a projected -15.73% first-year return on $107k initial cash invested.

-15.73%

Cash On Cash

2.13%

Cap Rate

0.36

DSCR

$2,242

Rent

-$1,406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,242 income − $3,648 expenses = $1,406 out of pocket

Income$2,242Out of Pocket$1,406Mortgage P&I$2,06992%Property Taxes$35416%Insurance$1497%Management$33615%CapEx$904%Maintenance$904%Other$56025%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,980

Closing costs

1%

$4,249

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,242

Total Expenses

$3,648

Mortgage P&I

92%

$2,069

Property Taxes

16%

$354

Home Insurance

7%

$149

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$560

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