REI Lense

REI Lense

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$1,750 (target)

283 Flemings Dr, Morristown, TN 37813

3 beds • 2 baths • 1794 sqft

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This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $68,124 initial cash invested.

-11.03%

Cash On Cash

4.25%

Cap Rate

0.68

DSCR

$1,750

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $2,376 expenses = $626 out of pocket

Income$1,750Out of Pocket$626Mortgage P&I$1,68696%Property Taxes$1167%Insurance$1187%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,124

Downpayment

20%

$64,880

Closing costs

1%

$3,244

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$2,376

Mortgage P&I

96%

$1,686

Property Taxes

7%

$116

Home Insurance

7%

$118

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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