REI Lense

REI Lense

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$2,687 (target)

238 4th St, Erwin, TN 37650

3 beds • 3 baths • 2288 sqft

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This property might be a fair Long-Term investment with a projected 0.62% first-year return on $68,292 initial cash invested.

0.62%

Cash On Cash

6.79%

Cap Rate

1.1

DSCR

$2,687

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,687 income − $2,652 expenses = $35 cash flow

Income$2,687Mortgage P&I$1,67162%Property Taxes$1646%Insurance$1194%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%Cash Flow$35

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,292

Downpayment

20%

$65,040

Closing costs

1%

$3,252

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,687

Total Expenses

$2,652

Mortgage P&I

62%

$1,671

Property Taxes

6%

$164

Home Insurance

4%

$119

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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