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2215 Greencliff Dr, Southaven, MS 38672

3 beds • 2 baths • 2213 sqft

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This property looks like a bad Airbnb investment with a projected -1.7% first-year return on $85,179 initial cash invested.

-1.7%

Cash On Cash

6.3%

Cap Rate

1.01

DSCR

$3,528

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,528 income − $3,649 expenses = $121 out of pocket

Income$3,528Out of Pocket$121Mortgage P&I$1,66047%Property Taxes$1845%Insurance$1123%Management$52915%CapEx$1414%Maintenance$1414%Other$88225%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,528

Total Expenses

$3,649

Mortgage P&I

47%

$1,660

Property Taxes

5%

$184

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$529

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$882

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