REI Lense

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244 Kensington Ct, Morristown, TN 37814

3 beds • 2 baths • 1807 sqft

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This property looks like a bad Airbnb investment with a projected -11.18% first-year return on $98,094 initial cash invested.

-11.18%

Cash On Cash

3.26%

Cap Rate

0.56

DSCR

$2,452

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,094

Downpayment

20%

$76,280

Closing costs

1%

$3,814

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,452

Total Expenses

$3,366

Mortgage P&I

76%

$1,853

Property Taxes

6%

$157

Home Insurance

6%

$136

HOA

2%

$43

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$613

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