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886 Fairground St, Cookeville, TN 38501

3 beds • 2 baths • 2232 sqft

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This property looks like a bad Airbnb investment with a projected -7.86% first-year return on $97,653 initial cash invested.

-7.86%

Cash On Cash

4.38%

Cap Rate

0.73

DSCR

$2,979

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $3,619 expenses = $640 out of pocket

Income$2,979Out of Pocket$640Mortgage P&I$1,90564%Property Taxes$1445%Insurance$1405%Management$44715%CapEx$1194%Maintenance$1194%Other$74525%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$3,619

Mortgage P&I

64%

$1,905

Property Taxes

5%

$144

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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