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6933 Mercedes Ln, Chattanooga, TN 37421

4 beds • 3 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -9.64% first-year return on $124k initial cash invested.

-9.64%

Cash On Cash

3.61%

Cap Rate

0.62

DSCR

$3,240

Rent

-$994

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$3,240

Total Expenses

$4,234

Mortgage P&I

71%

$2,294

Property Taxes

7%

$218

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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