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3330 Midland Ave, Memphis, TN 38111

3 beds • 2 baths • 1671 sqft

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This property looks like a bad Airbnb investment with a projected -8.37% first-year return on $85,557 initial cash invested.

-8.37%

Cash On Cash

4.04%

Cap Rate

0.69

DSCR

$2,705

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,557

Downpayment

20%

$64,340

Closing costs

1%

$3,217

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,705

Total Expenses

$3,302

Mortgage P&I

58%

$1,572

Property Taxes

12%

$318

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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