REI Lense

REI Lense

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$2,452 (target)

1545 Seven Oaks Dr, Morristown, TN 37814

3 beds • 2 baths • 2647 sqft

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This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $105k initial cash invested.

-11.96%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$2,452

Rent

-$1,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $3,501 expenses = $1,049 out of pocket

Income$2,452Out of Pocket$1,049Mortgage P&I$2,537103%Property Taxes$1366%Insurance$1827%HOA$8Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$501k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100k

Closing costs

1%

$5,014

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,452

Total Expenses

$3,501

Mortgage P&I

103%

$2,537

Property Taxes

6%

$136

Home Insurance

7%

$182

HOA

0%

$8

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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