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3034 Lake Terrace Dr, Corinth, MS 38834

3 beds • 2 baths • 2218 sqft

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This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $78,543 initial cash invested.

-8.6%

Cash On Cash

4.11%

Cap Rate

0.67

DSCR

$2,027

Rent

-$563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,027 income − $2,590 expenses = $563 out of pocket

Income$2,027Out of Pocket$563Mortgage P&I$1,47073%Property Taxes$422%Insurance$1055%Management$30415%CapEx$814%Maintenance$814%Other$50725%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,543

Downpayment

20%

$57,660

Closing costs

1%

$2,883

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,027

Total Expenses

$2,590

Mortgage P&I

73%

$1,470

Property Taxes

2%

$42

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$507

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