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331 Alexander St, Memphis, TN 38111

3 beds • 2 baths • 1681 sqft

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This property looks like a bad Airbnb investment with a projected -7.99% first-year return on $81,210 initial cash invested.

-7.99%

Cash On Cash

4.13%

Cap Rate

0.7

DSCR

$2,648

Rent

-$541

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,210

Downpayment

20%

$60,200

Closing costs

1%

$3,010

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,648

Total Expenses

$3,189

Mortgage P&I

56%

$1,472

Property Taxes

13%

$338

Home Insurance

4%

$108

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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