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506 E 16th St, Chattanooga, TN 37408

3 beds • 3 baths • 1650 sqft

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This property looks like a bad Airbnb investment with a projected -7.38% first-year return on $130k initial cash invested.

-7.38%

Cash On Cash

4.45%

Cap Rate

0.76

DSCR

$4,406

Rent

-$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$532k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$106k

Closing costs

1%

$5,315

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,406

Total Expenses

$5,203

Mortgage P&I

59%

$2,590

Property Taxes

7%

$309

Home Insurance

4%

$189

HOA

0%

$0

Property Management

15%

$661

CapEx

4%

$176

Vacancy

0%

$0

Maintenance

4%

$176

Other

25%

$1,102

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