REI Lense

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$2,822 (target)

105 Deacon Creek Rd, Erwin, TN 37650

3 beds • 2 baths • 1332 sqft

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This property might be a fair Mid-Term investment with a projected 4.5% first-year return on $73,608 initial cash invested.

4.5%

Cash On Cash

8.15%

Cap Rate

1.28

DSCR

$2,822

Rent

$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,822 income − $2,546 expenses = $276 cash flow

Income$2,822Mortgage P&I$1,40950%Property Taxes$1054%Insurance$723%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%Cash Flow$276

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,608

Downpayment

20%

$52,960

Closing costs

1%

$2,648

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$2,546

Mortgage P&I

50%

$1,409

Property Taxes

4%

$105

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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