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$1,786 (target)

2464 McMinnville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Mid-Term investment with a projected -4.11% first-year return on $69,156 initial cash invested.

-4.11%

Cash On Cash

5.47%

Cap Rate

0.87

DSCR

$1,786

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,156

Downpayment

20%

$48,720

Closing costs

1%

$2,436

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,786

Total Expenses

$2,023

Mortgage P&I

71%

$1,276

Property Taxes

3%

$53

Home Insurance

5%

$88

HOA

0%

$0

Property Management

12%

$214

CapEx

4%

$71

Vacancy

3%

$54

Maintenance

4%

$71

Other

11%

$196

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