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862 Radiance Dr, Cordova, TN 38018

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -4.95% first-year return on $78,963 initial cash invested.

-4.95%

Cash On Cash

5.09%

Cap Rate

0.85

DSCR

$2,929

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,929 income − $3,255 expenses = $326 out of pocket

Income$2,929Out of Pocket$326Mortgage P&I$1,44149%Property Taxes$30610%Insurance$1034%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,963

Downpayment

20%

$58,060

Closing costs

1%

$2,903

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,929

Total Expenses

$3,255

Mortgage P&I

49%

$1,441

Property Taxes

10%

$306

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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