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240 Avon Rd, Memphis, TN 38117

4 beds • 3 baths • 2467 sqft

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This property looks like a bad Airbnb investment with a projected -5.41% first-year return on $123k initial cash invested.

-5.41%

Cash On Cash

5.01%

Cap Rate

0.85

DSCR

$5,033

Rent

-$553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$5,033

Total Expenses

$5,586

Mortgage P&I

46%

$2,315

Property Taxes

14%

$692

Home Insurance

3%

$164

HOA

0%

$0

Property Management

15%

$755

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,258

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