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6200 Millington Rd, Millington, TN 38053

3 beds • 2 baths • 2249 sqft

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This property looks like a bad Airbnb investment with a projected -6.24% first-year return on $78,669 initial cash invested.

-6.24%

Cash On Cash

4.67%

Cap Rate

0.78

DSCR

$2,448

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,448 income − $2,857 expenses = $409 out of pocket

Income$2,448Out of Pocket$409Mortgage P&I$1,43559%Property Taxes$1426%Insurance$1054%Management$36715%CapEx$984%Maintenance$984%Other$61225%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,669

Downpayment

20%

$57,780

Closing costs

1%

$2,889

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,448

Total Expenses

$2,857

Mortgage P&I

59%

$1,435

Property Taxes

6%

$142

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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