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3601 Memphis Ave, Cleveland, OH 44109

2 beds • 2 baths • 1408 sqft • 2 units

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This property looks like a bad Airbnb investment with a projected -7.2% first-year return on $37,179 initial cash invested.

-7.2%

Cash On Cash

4.49%

Cap Rate

0.72

DSCR

$1,156

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,156 income − $1,379 expenses = $223 out of pocket

Income$1,156Out of Pocket$223Mortgage P&I$62654%Property Taxes$15714%Insurance$424%Management$17315%CapEx$464%Maintenance$464%Other$28925%

Investment Breakdown

|

Purchase Price

$120k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,179

Downpayment

20%

$23,980

Closing costs

1%

$1,199

Rehab

0%

$0

Furnishing

10%

$12,000

Cashflow

Total Income

$1,156

Total Expenses

$1,379

Mortgage P&I

54%

$626

Property Taxes

14%

$157

Home Insurance

4%

$42

HOA

0%

$0

Property Management

15%

$173

CapEx

4%

$46

Vacancy

0%

$0

Maintenance

4%

$46

Other

25%

$289

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