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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 -7.02% first-year return on $71,277 initial cash invested.

-7.02%

Cash On Cash

4.5%

Cap Rate

0.74

DSCR

$2,039

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,039 income − $2,456 expenses = $417 out of pocket

Income$2,039Out of Pocket$417Mortgage P&I$1,28663%Property Taxes$914%Insurance$995%Management$30615%CapEx$824%Maintenance$824%Other$51025%

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

$2,039

Total Expenses

$2,456

Mortgage P&I

63%

$1,286

Property Taxes

4%

$91

Home Insurance

5%

$99

HOA

0%

$0

Property Management

15%

$306

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$510

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