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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 -9.3% first-year return on $37,179 initial cash invested.

-9.3%

Cash On Cash

3.79%

Cap Rate

0.61

DSCR

$1,032

Rent

-$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,032 income − $1,320 expenses = $288 out of pocket

Income$1,032Out of Pocket$288Mortgage P&I$62661%Property Taxes$15715%Insurance$424%Management$15515%CapEx$414%Maintenance$414%Other$25825%

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

$1,032

Total Expenses

$1,320

Mortgage P&I

61%

$626

Property Taxes

15%

$157

Home Insurance

4%

$42

HOA

0%

$0

Property Management

15%

$155

CapEx

4%

$41

Vacancy

0%

$0

Maintenance

4%

$41

Other

25%

$258

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