REI Lense

REI Lense

Unlock all features! Tap here to upgrade

283 Flemings Dr, Morristown, TN 37813

3 beds • 2 baths • 1794 sqft

Email

This property looks like a bad Airbnb investment with a projected -10.51% first-year return on $86,124 initial cash invested.

-10.51%

Cash On Cash

3.78%

Cap Rate

0.61

DSCR

$2,244

Rent

-$754

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $2,998 expenses = $754 out of pocket

Income$2,244Out of Pocket$754Mortgage P&I$1,68675%Property Taxes$1165%Insurance$1185%Management$33715%CapEx$904%Maintenance$904%Other$56125%

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

$2,244

Total Expenses

$2,998

Mortgage P&I

75%

$1,686

Property Taxes

5%

$116

Home Insurance

5%

$118

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$561

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis