REI Lense

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$1,785 (target)

1661 Boardwalk Cir, Morristown, TN 37814

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $78,246 initial cash invested.

-13.1%

Cash On Cash

3.77%

Cap Rate

0.61

DSCR

$1,785

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,785 income − $2,639 expenses = $854 out of pocket

Income$1,785Out of Pocket$854Mortgage P&I$1,937109%Property Taxes$1046%Insurance$1358%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,246

Downpayment

20%

$74,520

Closing costs

1%

$3,726

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,785

Total Expenses

$2,639

Mortgage P&I

109%

$1,937

Property Taxes

6%

$104

Home Insurance

8%

$135

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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