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1197 Highway 2, Corinth, MS 38834

3 beds • 2 baths • 2134 sqft

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This property looks like a bad Airbnb investment with a projected -7.46% first-year return on $71,277 initial cash invested.

-7.46%

Cash On Cash

4.37%

Cap Rate

0.72

DSCR

$1,988

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,277

Downpayment

20%

$50,740

Closing costs

1%

$2,537

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,988

Total Expenses

$2,431

Mortgage P&I

65%

$1,286

Property Taxes

5%

$91

Home Insurance

5%

$99

HOA

0%

$0

Property Management

15%

$298

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$497

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