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$2,542 (target)

1310 Cherokee Dr, Morristown, TN 37814

3 beds • 2 baths • 1000 sqft

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This property might be a fair Mid-Term investment with a projected 5.71% first-year return on $66,237 initial cash invested.

5.71%

Cash On Cash

8.46%

Cap Rate

1.35

DSCR

$2,542

Rent

$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,542 income − $2,227 expenses = $315 cash flow

Income$2,542Mortgage P&I$1,20247%Property Taxes$723%Insurance$883%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$315

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,237

Downpayment

20%

$45,940

Closing costs

1%

$2,297

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,542

Total Expenses

$2,227

Mortgage P&I

47%

$1,202

Property Taxes

3%

$72

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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