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889 N Avalon St, Memphis, TN 38107

3 beds • 2 baths • 2269 sqft

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This property looks like a bad Airbnb investment with a projected -2.75% first-year return on $66,741 initial cash invested.

-2.75%

Cash On Cash

6.09%

Cap Rate

0.97

DSCR

$2,811

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,811 income − $2,964 expenses = $153 out of pocket

Income$2,811Out of Pocket$153Mortgage P&I$1,21943%Property Taxes$31411%Insurance$823%Management$42215%CapEx$1124%Maintenance$1124%Other$70325%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,741

Downpayment

20%

$46,420

Closing costs

1%

$2,321

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,811

Total Expenses

$2,964

Mortgage P&I

43%

$1,219

Property Taxes

11%

$314

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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