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3587 Cowden Ave, Memphis, TN 38111

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Airbnb investment with a projected -13.92% first-year return on $94,020 initial cash invested.

-13.92%

Cash On Cash

2.58%

Cap Rate

0.44

DSCR

$2,271

Rent

-$1,091

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,271 income − $3,362 expenses = $1,091 out of pocket

Income$2,271Out of Pocket$1,091Mortgage P&I$1,77878%Property Taxes$36616%Insurance$1276%Management$34115%CapEx$914%Maintenance$914%Other$56825%

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,020

Downpayment

20%

$72,400

Closing costs

1%

$3,620

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,271

Total Expenses

$3,362

Mortgage P&I

78%

$1,778

Property Taxes

16%

$366

Home Insurance

6%

$127

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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