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2241 Heavenly Vw, Ooltewah, TN 37363

4 beds • 6 baths • 5842 sqft

$2,850,000

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This property looks like a bad Long-Term investment with a projected -27.18% first-year return on $599k initial cash invested.

-27.18%

Cash On Cash

0.37%

Cap Rate

0.06

DSCR

$3,520

Rent

-$13,557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$2850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$599k

Downpayment

20%

$570k

Closing costs

1%

$28,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,520

Total Expenses

$17,077

Mortgage P&I

405%

$14,257

Property Taxes

22%

$782

Home Insurance

28%

$998

HOA

4%

$125

Property Management

10%

$352

CapEx

5%

$176

Vacancy

6%

$211

Maintenance

5%

$176

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1779 Firelight Way, Ooltewah, TN 37363

$2,995

4

4

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2.4 mi

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4

3.5

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0.9 mi

9791 Haven Port Ln, Ooltewah, TN 37363

$3,850

5

4.5

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0.4 mi

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$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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