REI Lense

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$3,506 (target)

115 Smoky View Way, Newport, TN 37821

3 beds • 3 baths • 2777 sqft

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This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $118k initial cash invested.

-3.52%

Cash On Cash

5.38%

Cap Rate

0.91

DSCR

$3,506

Rent

-$345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $3,851 expenses = $345 out of pocket

Income$3,506Out of Pocket$345Mortgage P&I$2,33166%Property Taxes$1364%Insurance$1925%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,840

Closing costs

1%

$4,742

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$3,851

Mortgage P&I

66%

$2,331

Property Taxes

4%

$136

Home Insurance

5%

$192

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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