REI Lense

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$2,625 (target)

283 Flemings Dr, Morristown, TN 37813

3 beds • 2 baths • 1794 sqft

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This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $86,124 initial cash invested.

-2.62%

Cash On Cash

5.93%

Cap Rate

0.95

DSCR

$2,625

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,625 income − $2,813 expenses = $188 out of pocket

Income$2,625Out of Pocket$188Mortgage P&I$1,68664%Property Taxes$1164%Insurance$1184%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,124

Downpayment

20%

$64,880

Closing costs

1%

$3,244

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,625

Total Expenses

$2,813

Mortgage P&I

64%

$1,686

Property Taxes

4%

$116

Home Insurance

5%

$118

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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