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3419 Highland Park Pl, Memphis, TN 38111

3 beds • 3 baths • 2121 sqft

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This property looks like a bad Airbnb investment with a projected -6.38% first-year return on $90,408 initial cash invested.

-6.38%

Cash On Cash

4.96%

Cap Rate

0.81

DSCR

$3,434

Rent

-$481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,434 income − $3,915 expenses = $481 out of pocket

Income$3,434Out of Pocket$481Mortgage P&I$1,77052%Property Taxes$37611%Insurance$1224%Management$51515%CapEx$1374%Maintenance$1374%Other$85825%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,408

Downpayment

20%

$68,960

Closing costs

1%

$3,448

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,434

Total Expenses

$3,915

Mortgage P&I

52%

$1,770

Property Taxes

11%

$376

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$858

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