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321 Pinewood St, Memphis, TN 38117

3 beds • 3 baths • 2791 sqft

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This property looks like a bad Airbnb investment with a projected -18.25% first-year return on $117k initial cash invested.

-18.25%

Cash On Cash

1.68%

Cap Rate

0.28

DSCR

$2,521

Rent

-$1,774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,521 income − $4,295 expenses = $1,774 out of pocket

Income$2,521Out of Pocket$1,774Mortgage P&I$2,33192%Property Taxes$58423%Insurance$1707%Management$37815%CapEx$1014%Maintenance$1014%Other$63025%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$93,920

Closing costs

1%

$4,696

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,521

Total Expenses

$4,295

Mortgage P&I

92%

$2,331

Property Taxes

23%

$584

Home Insurance

7%

$170

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$630

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