REI Lense

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$2,832 (target)

139 Fishery Loop Rd, Erwin, TN 37650

3 beds • 2 baths • 1912 sqft

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This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $93,432 initial cash invested.

-3.2%

Cash On Cash

5.78%

Cap Rate

0.93

DSCR

$2,832

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $3,081 expenses = $249 out of pocket

Income$2,832Out of Pocket$249Mortgage P&I$1,86766%Property Taxes$1204%Insurance$1315%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,432

Downpayment

20%

$71,840

Closing costs

1%

$3,592

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,832

Total Expenses

$3,081

Mortgage P&I

66%

$1,867

Property Taxes

4%

$120

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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