REI Lense

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$1,537 (target)

114 Walnut Trce, Sparta, TN 38583

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $60,942 initial cash invested.

-9.47%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$1,537

Rent

-$481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,537 income − $2,018 expenses = $481 out of pocket

Income$1,537Out of Pocket$481Mortgage P&I$1,44194%Property Taxes$725%Insurance$1057%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,942

Downpayment

20%

$58,040

Closing costs

1%

$2,902

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,537

Total Expenses

$2,018

Mortgage P&I

94%

$1,441

Property Taxes

5%

$72

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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