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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 -8.04% first-year return on $78,543 initial cash invested.

-8.04%

Cash On Cash

4.28%

Cap Rate

0.7

DSCR

$2,099

Rent

-$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,099 income − $2,625 expenses = $526 out of pocket

Income$2,099Out of Pocket$526Mortgage P&I$1,47070%Property Taxes$422%Insurance$1055%Management$31515%CapEx$844%Maintenance$844%Other$52525%

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

$2,099

Total Expenses

$2,625

Mortgage P&I

70%

$1,470

Property Taxes

2%

$42

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$315

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$525

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