REI Lense

REI Lense

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$2,393 (target)

240 Elm Rd, Somerville, TN 38068

3 beds • 4 baths • 2870 sqft

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This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $97,629 initial cash invested.

-12.49%

Cash On Cash

4.23%

Cap Rate

0.65

DSCR

$2,393

Rent

-$1,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,393 income − $3,409 expenses = $1,016 out of pocket

Income$2,393Out of Pocket$1,016Mortgage P&I$2,534106%Property Taxes$864%Insurance$1667%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,629

Downpayment

20%

$92,980

Closing costs

1%

$4,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,393

Total Expenses

$3,409

Mortgage P&I

106%

$2,534

Property Taxes

4%

$86

Home Insurance

7%

$166

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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