REI Lense

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$2,124 (target)

2386 Cane Creek Rd, Cookeville, TN 38506

3 beds • 4 baths • 2670 sqft

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This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $106k initial cash invested.

-14.26%

Cash On Cash

3.25%

Cap Rate

0.54

DSCR

$2,124

Rent

-$1,261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,124 income − $3,385 expenses = $1,261 out of pocket

Income$2,124Out of Pocket$1,261Mortgage P&I$2,524119%Property Taxes$1236%Insurance$1879%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,053

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,124

Total Expenses

$3,385

Mortgage P&I

119%

$2,524

Property Taxes

6%

$123

Home Insurance

9%

$187

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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