REI Lense

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$2,878 (target)

2015 Brights View Ln, Morristown, TN 37814

3 beds • 3 baths • 1530 sqft

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This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $87,615 initial cash invested.

-0.42%

Cash On Cash

6.43%

Cap Rate

1.05

DSCR

$2,878

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,878 income − $2,909 expenses = $31 out of pocket

Income$2,878Out of Pocket$31Mortgage P&I$1,69359%Property Taxes$1194%Insurance$1194%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,615

Downpayment

20%

$66,300

Closing costs

1%

$3,315

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,878

Total Expenses

$2,909

Mortgage P&I

59%

$1,693

Property Taxes

4%

$119

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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