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284 Singingwood Dr, Memphis, TN 38127

3 beds • 2 baths • 2056 sqft

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This property looks like a bad Airbnb investment with a projected -7.3% first-year return on $56,850 initial cash invested.

-7.3%

Cash On Cash

4.24%

Cap Rate

0.69

DSCR

$1,403

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,403

Total Expenses

$1,749

Mortgage P&I

67%

$944

Property Taxes

5%

$67

Home Insurance

5%

$65

HOA

0%

$0

Property Management

15%

$210

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$351

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