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1108 Ridgecrest Rd, Johnson City, TN 37604

3 beds • 3 baths • 2418 sqft

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This property looks like a bad Airbnb investment with a projected -8.75% first-year return on $99,207 initial cash invested.

-8.75%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$2,970

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,970 income − $3,693 expenses = $723 out of pocket

Income$2,970Out of Pocket$723Mortgage P&I$1,91164%Property Taxes$2147%Insurance$1425%Management$44615%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,970

Total Expenses

$3,693

Mortgage P&I

64%

$1,911

Property Taxes

7%

$214

Home Insurance

5%

$142

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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