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3510 Redding Rd, Chattanooga, TN 37415

3 beds • 2 baths • 1128 sqft

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This property looks like a bad Airbnb investment with a projected -8.56% first-year return on $62,835 initial cash invested.

-8.56%

Cash On Cash

4.46%

Cap Rate

0.68

DSCR

$1,937

Rent

-$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $2,385 expenses = $448 out of pocket

Income$1,937Out of Pocket$448Mortgage P&I$1,16560%Property Taxes$23512%Insurance$563%Management$29115%CapEx$774%Maintenance$774%Other$48425%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,835

Downpayment

20%

$42,700

Closing costs

1%

$2,135

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,937

Total Expenses

$2,385

Mortgage P&I

60%

$1,165

Property Taxes

12%

$235

Home Insurance

3%

$56

HOA

0%

$0

Property Management

15%

$291

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$484

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