REI Lense

REI Lense

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$2,319 (target)

1932 Deer Ridge Dr, Morristown, TN 37814

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -1.8% first-year return on $67,872 initial cash invested.

-1.8%

Cash On Cash

6.04%

Cap Rate

1.01

DSCR

$2,319

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $2,421 expenses = $102 out of pocket

Income$2,319Out of Pocket$102Mortgage P&I$1,61370%Property Taxes$894%Insurance$1165%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,872

Downpayment

20%

$64,640

Closing costs

1%

$3,232

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,319

Total Expenses

$2,421

Mortgage P&I

70%

$1,613

Property Taxes

4%

$89

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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