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$3,670 (target)

1821 Russell St, Morristown, TN 37813

3 beds • 3 baths • 3014 sqft

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This property might be a fair Mid-Term investment with a projected 5.47% first-year return on $89,988 initial cash invested.

5.47%

Cash On Cash

7.94%

Cap Rate

1.33

DSCR

$3,670

Rent

$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,670 income − $3,260 expenses = $410 cash flow

Income$3,670Mortgage P&I$1,71247%Property Taxes$1785%Insurance$1223%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%Cash Flow$410

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,988

Downpayment

20%

$68,560

Closing costs

1%

$3,428

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,670

Total Expenses

$3,260

Mortgage P&I

47%

$1,712

Property Taxes

5%

$178

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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