REI Lense

REI Lense

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$2,506 (target)

2405 Melborne Dr, Johnson City, TN 37601

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $96,750 initial cash invested.

-6.33%

Cash On Cash

4.67%

Cap Rate

0.78

DSCR

$2,506

Rent

-$510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,506

Total Expenses

$3,016

Mortgage P&I

75%

$1,870

Property Taxes

7%

$163

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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