REI Lense

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$1,191 (target)

2464 McMinnville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Long-Term investment with a projected -12.57% first-year return on $51,156 initial cash invested.

-12.57%

Cash On Cash

3.94%

Cap Rate

0.63

DSCR

$1,191

Rent

-$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,191 income − $1,727 expenses = $536 out of pocket

Income$1,191Out of Pocket$536Mortgage P&I$1,276107%Property Taxes$534%Insurance$887%Management$11910%CapEx$605%Vacancy$716%Maintenance$605%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,156

Downpayment

20%

$48,720

Closing costs

1%

$2,436

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,191

Total Expenses

$1,727

Mortgage P&I

107%

$1,276

Property Taxes

4%

$53

Home Insurance

7%

$88

HOA

0%

$0

Property Management

10%

$119

CapEx

5%

$60

Vacancy

6%

$71

Maintenance

5%

$60

Other

0%

$0

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