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1095 Locke Cuba Rd, Millington, TN 38053

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Airbnb investment with a projected -7.95% first-year return on $80,790 initial cash invested.

-7.95%

Cash On Cash

4.45%

Cap Rate

0.72

DSCR

$2,366

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,366 income − $2,901 expenses = $535 out of pocket

Income$2,366Out of Pocket$535Mortgage P&I$1,54965%Property Taxes$1105%Insurance$1054%Management$35515%CapEx$954%Maintenance$954%Other$59225%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,366

Total Expenses

$2,901

Mortgage P&I

65%

$1,549

Property Taxes

5%

$110

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$355

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$592

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