REI Lense

REI Lense

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$1,445 (target)

111 Thornoak Dr, Martin, TN 38237

3 beds • 2 baths • 1438 sqft

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This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $50,904 initial cash invested.

-9.95%

Cash On Cash

4.5%

Cap Rate

0.72

DSCR

$1,445

Rent

-$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,445 income − $1,867 expenses = $422 out of pocket

Income$1,445Out of Pocket$422Mortgage P&I$1,25887%Property Taxes$14510%Insurance$896%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,904

Downpayment

20%

$48,480

Closing costs

1%

$2,424

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,445

Total Expenses

$1,867

Mortgage P&I

87%

$1,258

Property Taxes

10%

$145

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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