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1453 Colonial Rd, Memphis, TN 38117

3 beds • 2 baths • 1506 sqft

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This property looks like a bad Airbnb investment with a projected -1.24% first-year return on $67,644 initial cash invested.

-1.24%

Cash On Cash

6.54%

Cap Rate

1.04

DSCR

$2,895

Rent

-$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $2,965 expenses = $70 out of pocket

Income$2,895Out of Pocket$70Mortgage P&I$1,24243%Property Taxes$2479%Insurance$863%Management$43415%CapEx$1164%Maintenance$1164%Other$72425%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,644

Downpayment

20%

$47,280

Closing costs

1%

$2,364

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$2,965

Mortgage P&I

43%

$1,242

Property Taxes

9%

$247

Home Insurance

3%

$86

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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