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538 Turn Table Rd, Sparta, TN 38583

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Airbnb investment with a projected -8.09% first-year return on $96,729 initial cash invested.

-8.09%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$2,781

Rent

-$652

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,781 income − $3,433 expenses = $652 out of pocket

Income$2,781Out of Pocket$652Mortgage P&I$1,87267%Property Taxes$963%Insurance$1315%Management$41715%CapEx$1114%Maintenance$1114%Other$69525%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,781

Total Expenses

$3,433

Mortgage P&I

67%

$1,872

Property Taxes

3%

$96

Home Insurance

5%

$131

HOA

0%

$0

Property Management

15%

$417

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$695

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