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$3,590 (target)

240 Elm Rd, Somerville, TN 38068

3 beds • 4 baths • 2870 sqft

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This property looks like a bad Mid-Term investment with a projected -4.34% first-year return on $116k initial cash invested.

-4.34%

Cash On Cash

5.83%

Cap Rate

0.89

DSCR

$3,590

Rent

-$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $4,008 expenses = $418 out of pocket

Income$3,590Out of Pocket$418Mortgage P&I$2,53471%Property Taxes$862%Insurance$1665%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$92,980

Closing costs

1%

$4,649

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$4,008

Mortgage P&I

71%

$2,534

Property Taxes

2%

$86

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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