REI Lense

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$2,920 (target)

1242 Northern Hills Rd, Hixson, TN 37343

3 beds • 2 baths • 2003 sqft

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This property looks like a bad Mid-Term investment with a projected -2.78% first-year return on $85,809 initial cash invested.

-2.78%

Cash On Cash

6.37%

Cap Rate

0.95

DSCR

$2,920

Rent

-$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $3,119 expenses = $199 out of pocket

Income$2,920Out of Pocket$199Mortgage P&I$1,79762%Property Taxes$1947%Insurance$1355%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,809

Downpayment

20%

$64,580

Closing costs

1%

$3,229

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,920

Total Expenses

$3,119

Mortgage P&I

62%

$1,797

Property Taxes

7%

$194

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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