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8231 Biggs Rd, Ooltewah, TN 37363

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Airbnb investment with a projected -7.54% first-year return on $94,524 initial cash invested.

-7.54%

Cash On Cash

4.47%

Cap Rate

0.74

DSCR

$2,828

Rent

-$594

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,828 income − $3,422 expenses = $594 out of pocket

Income$2,828Out of Pocket$594Mortgage P&I$1,83765%Property Taxes$1004%Insurance$1285%Management$42415%CapEx$1134%Maintenance$1134%Other$70725%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,524

Downpayment

20%

$72,880

Closing costs

1%

$3,644

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,828

Total Expenses

$3,422

Mortgage P&I

65%

$1,837

Property Taxes

4%

$100

Home Insurance

5%

$128

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$707

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