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6014 McQueen Dr, Memphis, TN 38119

3 beds • 2 baths • 1966 sqft

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This property might be a fair Airbnb investment with a projected 4.27% first-year return on $64,662 initial cash invested.

4.27%

Cash On Cash

8.27%

Cap Rate

1.31

DSCR

$3,381

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,381 income − $3,151 expenses = $230 cash flow

Income$3,381Mortgage P&I$1,16735%Property Taxes$2828%Insurance$802%Management$50715%CapEx$1354%Maintenance$1354%Other$84525%Cash Flow$230

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,662

Downpayment

20%

$44,440

Closing costs

1%

$2,222

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,381

Total Expenses

$3,151

Mortgage P&I

35%

$1,167

Property Taxes

8%

$282

Home Insurance

2%

$80

HOA

0%

$0

Property Management

15%

$507

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$845

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