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2102 Colonial Parkway Dr, Chattanooga, TN 37421

3 beds • 3 baths • 3040 sqft

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This property looks like a bad Airbnb investment with a projected -8.47% first-year return on $107k initial cash invested.

-8.47%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$3,484

Rent

-$757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,484 income − $4,241 expenses = $757 out of pocket

Income$3,484Out of Pocket$757Mortgage P&I$2,11361%Property Taxes$3079%Insurance$1494%Management$52315%CapEx$1394%Maintenance$1394%Other$87125%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,980

Closing costs

1%

$4,249

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,484

Total Expenses

$4,241

Mortgage P&I

61%

$2,113

Property Taxes

9%

$307

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$523

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$871

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