REI Lense

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$1,862 (target)

1966 Herbert Garrett Rd, Cookeville, TN 38506

3 beds • 2 baths • 1622 sqft

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This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $90,741 initial cash invested.

-14.94%

Cash On Cash

3.36%

Cap Rate

0.54

DSCR

$1,862

Rent

-$1,130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,992 expenses = $1,130 out of pocket

Income$1,862Out of Pocket$1,130Mortgage P&I$2,246121%Property Taxes$1046%Insurance$1588%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,741

Downpayment

20%

$86,420

Closing costs

1%

$4,321

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,992

Mortgage P&I

121%

$2,246

Property Taxes

6%

$104

Home Insurance

8%

$158

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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