REI Lense

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$1,959 (target)

1023 Meadowbrook Dr, Milan, TN 38358

3 beds • 3 baths • 2140 sqft

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This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $55,713 initial cash invested.

-3.47%

Cash On Cash

5.89%

Cap Rate

0.95

DSCR

$1,959

Rent

-$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $2,120 expenses = $161 out of pocket

Income$1,959Out of Pocket$161Mortgage P&I$1,36570%Property Taxes$1518%Insurance$945%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,713

Downpayment

20%

$53,060

Closing costs

1%

$2,653

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,959

Total Expenses

$2,120

Mortgage P&I

70%

$1,365

Property Taxes

8%

$151

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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