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3054 Leeridge Dr, Bartlett, TN 38134

3 beds • 2 baths • 1289 sqft

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This property looks like a bad Airbnb investment with a projected -2.32% first-year return on $61,680 initial cash invested.

-2.32%

Cash On Cash

6.31%

Cap Rate

0.98

DSCR

$2,514

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,514 income − $2,633 expenses = $119 out of pocket

Income$2,514Out of Pocket$119Mortgage P&I$1,11244%Property Taxes$23910%Insurance$753%Management$37715%CapEx$1014%Maintenance$1014%Other$62825%

Investment Breakdown

|

Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,680

Downpayment

20%

$41,600

Closing costs

1%

$2,080

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,514

Total Expenses

$2,633

Mortgage P&I

44%

$1,112

Property Taxes

10%

$239

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$628

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