REI Lense

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$1,734 (target)

2050 Highview Dr, Morristown, TN 37813

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $51,450 initial cash invested.

-3.13%

Cash On Cash

6.04%

Cap Rate

0.96

DSCR

$1,734

Rent

-$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,734 income − $1,868 expenses = $134 out of pocket

Income$1,734Out of Pocket$134Mortgage P&I$1,28074%Property Taxes$513%Insurance$865%Management$17310%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,734

Total Expenses

$1,868

Mortgage P&I

74%

$1,280

Property Taxes

3%

$51

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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