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2114 W Cherry St, Milan, TN 38358

3 beds • 2 baths • 1392 sqft

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This property might be a fair Airbnb investment with a projected 3.09% first-year return on $61,722 initial cash invested.

3.09%

Cash On Cash

7.98%

Cap Rate

1.24

DSCR

$2,727

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,727 income − $2,568 expenses = $159 cash flow

Income$2,727Mortgage P&I$1,11741%Property Taxes$682%Insurance$743%Management$40915%CapEx$1094%Maintenance$1094%Other$68225%Cash Flow$159

Investment Breakdown

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Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,722

Downpayment

20%

$41,640

Closing costs

1%

$2,082

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,727

Total Expenses

$2,568

Mortgage P&I

41%

$1,117

Property Taxes

2%

$68

Home Insurance

3%

$74

HOA

0%

$0

Property Management

15%

$409

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$682

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