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2036 Ridge Rd #16, Pigeon Forge, TN 37863

2 beds • 1 baths • 676 sqft

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This property looks like a bad Airbnb investment with a projected -6.95% first-year return on $93,879 initial cash invested.

-6.95%

Cash On Cash

4.96%

Cap Rate

0.8

DSCR

$3,317

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,317 income − $3,861 expenses = $544 out of pocket

Income$3,317Out of Pocket$544Mortgage P&I$2,02361%Property Taxes$843%Insurance$1364%HOA$251%Management$49815%CapEx$1334%Maintenance$1334%Other$82925%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

3%

$12,000

Cashflow

Total Income

$3,317

Total Expenses

$3,861

Mortgage P&I

61%

$2,023

Property Taxes

3%

$84

Home Insurance

4%

$136

HOA

1%

$25

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$829

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