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3089 Arrendale St, Memphis, TN 38118

3 beds • 2 baths • 1309 sqft

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This property could be a profitable Airbnb investment with a projected 13.28% first-year return on $47,967 initial cash invested.

13.28%

Cash On Cash

11.81%

Cap Rate

1.85

DSCR

$2,848

Rent

$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$143k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,967

Downpayment

20%

$28,540

Closing costs

1%

$1,427

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,848

Total Expenses

$2,317

Mortgage P&I

27%

$759

Property Taxes

5%

$139

Home Insurance

2%

$52

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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