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2923 Midland Ave, Memphis, TN 38111

3 beds • 3 baths • 4049 sqft

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This property looks like a bad Airbnb investment with a projected -18.45% first-year return on $144k initial cash invested.

-18.45%

Cash On Cash

1.79%

Cap Rate

0.3

DSCR

$2,836

Rent

-$2,207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $5,043 expenses = $2,207 out of pocket

Income$2,836Out of Pocket$2,207Mortgage P&I$2,985105%Property Taxes$48917%Insurance$2097%Management$42515%CapEx$1134%Maintenance$1134%Other$70925%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$5,043

Mortgage P&I

105%

$2,985

Property Taxes

17%

$489

Home Insurance

7%

$209

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$709

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