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3313 Northwind Dr, Morristown, TN 37814

3 beds • 2 baths • 1836 sqft

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This property looks like a bad Airbnb investment with a projected -13.33% first-year return on $104k initial cash invested.

-13.33%

Cash On Cash

2.94%

Cap Rate

0.48

DSCR

$2,217

Rent

-$1,152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $3,369 expenses = $1,152 out of pocket

Income$2,217Out of Pocket$1,152Mortgage P&I$2,06293%Property Taxes$954%Insurance$1477%Management$33315%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,660

Closing costs

1%

$4,083

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,217

Total Expenses

$3,369

Mortgage P&I

93%

$2,062

Property Taxes

4%

$95

Home Insurance

7%

$147

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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