REI Lense

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$3,478 (target)

1932 Deer Ridge Dr, Morristown, TN 37814

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 6.68% first-year return on $85,872 initial cash invested.

6.68%

Cash On Cash

8.28%

Cap Rate

1.38

DSCR

$3,478

Rent

$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,478 income − $3,000 expenses = $478 cash flow

Income$3,478Mortgage P&I$1,61346%Property Taxes$893%Insurance$1163%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%Cash Flow$478

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,872

Downpayment

20%

$64,640

Closing costs

1%

$3,232

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,478

Total Expenses

$3,000

Mortgage P&I

46%

$1,613

Property Taxes

3%

$89

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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