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1103 Clingan Ridge Dr NW, Cleveland, TN 37312

3 beds • 2 baths • 1572 sqft

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This property looks like a bad Airbnb investment with a projected -17% first-year return on $80,979 initial cash invested.

-17%

Cash On Cash

2.27%

Cap Rate

0.34

DSCR

$1,433

Rent

-$1,147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,433 income − $2,580 expenses = $1,147 out of pocket

Income$1,433Out of Pocket$1,147Mortgage P&I$1,658116%Property Taxes$1309%Insurance$1057%Management$21515%CapEx$574%Maintenance$574%Other$35825%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,433

Total Expenses

$2,580

Mortgage P&I

116%

$1,658

Property Taxes

9%

$130

Home Insurance

7%

$105

HOA

0%

$0

Property Management

15%

$215

CapEx

4%

$57

Vacancy

0%

$0

Maintenance

4%

$57

Other

25%

$358

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