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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 -9.11% first-year return on $97,653 initial cash invested.

-9.11%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$2,784

Rent

-$741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,784 income − $3,525 expenses = $741 out of pocket

Income$2,784Out of Pocket$741Mortgage P&I$1,90568%Property Taxes$1445%Insurance$1405%Management$41815%CapEx$1114%Maintenance$1114%Other$69625%

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

$2,784

Total Expenses

$3,525

Mortgage P&I

68%

$1,905

Property Taxes

5%

$144

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$418

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$696

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