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4545 Park Ave, Memphis, TN 38117

3 beds • 3 baths • 2646 sqft

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This property looks like a bad Airbnb investment with a projected -14.17% first-year return on $106k initial cash invested.

-14.17%

Cash On Cash

2.85%

Cap Rate

0.47

DSCR

$2,768

Rent

-$1,254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,768 income − $4,022 expenses = $1,254 out of pocket

Income$2,768Out of Pocket$1,254Mortgage P&I$2,14077%Property Taxes$44816%Insurance$1054%Management$41515%CapEx$1114%Maintenance$1114%Other$69225%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,020

Closing costs

1%

$4,201

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,768

Total Expenses

$4,022

Mortgage P&I

77%

$2,140

Property Taxes

16%

$448

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$415

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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