REI Lense

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$2,716 (target)

1105 Clingan Ridge Dr NW, Cleveland, TN 37312

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $79,992 initial cash invested.

-0.75%

Cash On Cash

6.87%

Cap Rate

1.04

DSCR

$2,716

Rent

-$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,716 income − $2,766 expenses = $50 out of pocket

Income$2,716Out of Pocket$50Mortgage P&I$1,63260%Property Taxes$1054%Insurance$1054%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,992

Downpayment

20%

$59,040

Closing costs

1%

$2,952

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,716

Total Expenses

$2,766

Mortgage P&I

60%

$1,632

Property Taxes

4%

$105

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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