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1876 Ridgewood Dr, Sparta, TN 38583

3 beds • 3 baths • 1975 sqft

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This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $116k initial cash invested.

-8.53%

Cash On Cash

4.02%

Cap Rate

0.68

DSCR

$2,616

Rent

-$822

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$92,980

Closing costs

1%

$4,649

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,616

Total Expenses

$3,438

Mortgage P&I

87%

$2,274

Property Taxes

4%

$111

Home Insurance

6%

$163

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$288

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