REI Lense

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$1,888 (target)

139 Fishery Loop Rd, Erwin, TN 37650

3 beds • 2 baths • 1912 sqft

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This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $75,432 initial cash invested.

-11.45%

Cash On Cash

4.15%

Cap Rate

0.66

DSCR

$1,888

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,888 income − $2,608 expenses = $720 out of pocket

Income$1,888Out of Pocket$720Mortgage P&I$1,86799%Property Taxes$1206%Insurance$1317%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,432

Downpayment

20%

$71,840

Closing costs

1%

$3,592

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,888

Total Expenses

$2,608

Mortgage P&I

99%

$1,867

Property Taxes

6%

$120

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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