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285 N McNeil St, Memphis, TN 38112

3 beds • 2 baths • 1809 sqft

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This property looks like a bad Airbnb investment with a projected -9.47% first-year return on $79,341 initial cash invested.

-9.47%

Cash On Cash

3.75%

Cap Rate

0.63

DSCR

$2,479

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,341

Downpayment

20%

$58,420

Closing costs

1%

$2,921

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,479

Total Expenses

$3,105

Mortgage P&I

58%

$1,439

Property Taxes

15%

$371

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$620

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