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237 S Fork Rd, Sparta, TN 38583

3 beds • 3 baths • 3334 sqft

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This property looks like a bad Airbnb investment with a projected -17.46% first-year return on $169k initial cash invested.

-17.46%

Cash On Cash

2.11%

Cap Rate

0.35

DSCR

$2,975

Rent

-$2,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,975 income − $5,437 expenses = $2,462 out of pocket

Income$2,975Out of Pocket$2,462Mortgage P&I$3,607121%Property Taxes$1505%Insurance$2528%Management$44615%CapEx$1194%Maintenance$1194%Other$74425%

Investment Breakdown

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Purchase Price

$720k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$169k

Downpayment

20%

$144k

Closing costs

1%

$7,200

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,975

Total Expenses

$5,437

Mortgage P&I

121%

$3,607

Property Taxes

5%

$150

Home Insurance

8%

$252

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$744

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