REI Lense

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$2,678 (target)

1661 Boardwalk Cir, Morristown, TN 37814

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $96,246 initial cash invested.

-5.09%

Cash On Cash

5.27%

Cap Rate

0.84

DSCR

$2,678

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $3,086 expenses = $408 out of pocket

Income$2,678Out of Pocket$408Mortgage P&I$1,93772%Property Taxes$1044%Insurance$1355%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,246

Downpayment

20%

$74,520

Closing costs

1%

$3,726

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$3,086

Mortgage P&I

72%

$1,937

Property Taxes

4%

$104

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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