REI Lense

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$2,526 (target)

2833 Gainesboro Grade, Cookeville, TN 38501

3 beds • 2 baths • 1554 sqft

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This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $78,501 initial cash invested.

-1.51%

Cash On Cash

5.98%

Cap Rate

1

DSCR

$2,526

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $2,625 expenses = $99 out of pocket

Income$2,526Out of Pocket$99Mortgage P&I$1,43457%Property Taxes$1044%Insurance$2289%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,501

Downpayment

20%

$57,620

Closing costs

1%

$2,881

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,526

Total Expenses

$2,625

Mortgage P&I

57%

$1,434

Property Taxes

4%

$104

Home Insurance

9%

$228

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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