REI Lense

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$2,659 (target)

237 S Fork Rd, Sparta, TN 38583

3 beds • 3 baths • 3334 sqft

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This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $151k initial cash invested.

-16.21%

Cash On Cash

2.83%

Cap Rate

0.47

DSCR

$2,659

Rent

-$2,042

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,659 income − $4,701 expenses = $2,042 out of pocket

Income$2,659Out of Pocket$2,042Mortgage P&I$3,607136%Property Taxes$1506%Insurance$2529%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$720k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$144k

Closing costs

1%

$7,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,659

Total Expenses

$4,701

Mortgage P&I

136%

$3,607

Property Taxes

6%

$150

Home Insurance

9%

$252

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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