REI Lense

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$2,938 (target)

1023 Meadowbrook Dr, Milan, TN 38358

3 beds • 3 baths • 2140 sqft

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This property might be a fair Mid-Term investment with a projected 5.34% first-year return on $73,713 initial cash invested.

5.34%

Cash On Cash

8.19%

Cap Rate

1.33

DSCR

$2,938

Rent

$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $2,610 expenses = $328 cash flow

Income$2,938Mortgage P&I$1,36546%Property Taxes$1515%Insurance$943%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$328

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,713

Downpayment

20%

$53,060

Closing costs

1%

$2,653

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,938

Total Expenses

$2,610

Mortgage P&I

46%

$1,365

Property Taxes

5%

$151

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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