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2464 McMinnville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Airbnb investment with a projected -1.02% first-year return on $69,156 initial cash invested.

-1.02%

Cash On Cash

6.51%

Cap Rate

1.04

DSCR

$2,613

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,672 expenses = $59 out of pocket

Income$2,613Out of Pocket$59Mortgage P&I$1,27649%Property Taxes$532%Insurance$883%Management$39215%CapEx$1054%Maintenance$1054%Other$65325%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,156

Downpayment

20%

$48,720

Closing costs

1%

$2,436

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,613

Total Expenses

$2,672

Mortgage P&I

49%

$1,276

Property Taxes

2%

$53

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$653

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