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295 Farmway Dr SE, Cleveland, TN 37323

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Airbnb investment with a projected -11.1% first-year return on $98,829 initial cash invested.

-11.1%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$2,412

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,412 income − $3,326 expenses = $914 out of pocket

Income$2,412Out of Pocket$914Mortgage P&I$1,93880%Property Taxes$874%Insurance$1366%HOA$8Management$36215%CapEx$964%Maintenance$964%Other$60325%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,829

Downpayment

20%

$76,980

Closing costs

1%

$3,849

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,412

Total Expenses

$3,326

Mortgage P&I

80%

$1,938

Property Taxes

4%

$87

Home Insurance

6%

$136

HOA

0%

$8

Property Management

15%

$362

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$603

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