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$2,528 (target)

1406 Melody Ln, Chattanooga, TN 37412

3 beds • 2 baths • 1737 sqft

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This property looks like a bad Mid-Term investment with a projected -0.16% first-year return on $75,750 initial cash invested.

-0.16%

Cash On Cash

6.52%

Cap Rate

1.06

DSCR

$2,528

Rent

-$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,528 income − $2,538 expenses = $10 out of pocket

Income$2,528Out of Pocket$10Mortgage P&I$1,40456%Property Taxes$1797%Insurance$964%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,528

Total Expenses

$2,538

Mortgage P&I

56%

$1,404

Property Taxes

7%

$179

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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