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6392 N Watkins St, Millington, TN 38053

3 beds • 2 baths • 1473 sqft

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This property looks like a bad Airbnb investment with a projected -4.36% first-year return on $80,979 initial cash invested.

-4.36%

Cash On Cash

5.23%

Cap Rate

0.88

DSCR

$2,776

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,776 income − $3,070 expenses = $294 out of pocket

Income$2,776Out of Pocket$294Mortgage P&I$1,48954%Property Taxes$1445%Insurance$1054%Management$41615%CapEx$1114%Maintenance$1114%Other$69425%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,776

Total Expenses

$3,070

Mortgage P&I

54%

$1,489

Property Taxes

5%

$144

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$694

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