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$3,225 (target)

1428 Morrison Ln NE, Cleveland, TN 37312

3 beds • 2 baths • 1568 sqft

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This property might be a fair Mid-Term investment with a projected 9.19% first-year return on $70,479 initial cash invested.

9.19%

Cash On Cash

9.61%

Cap Rate

1.5

DSCR

$3,225

Rent

$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,225 income − $2,685 expenses = $540 cash flow

Income$3,225Mortgage P&I$1,33341%Property Taxes$1675%Insurance$883%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%Cash Flow$540

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,225

Total Expenses

$2,685

Mortgage P&I

41%

$1,333

Property Taxes

5%

$167

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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