REI Lense

REI Lense

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$1,812 (target)

2874 Boatmans Mountain Rd, Morristown, TN 37814

3 beds • 2 baths • 1000 sqft

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This property could be a profitable Long-Term investment with a projected 12.92% first-year return on $35,574 initial cash invested.

12.92%

Cash On Cash

9.53%

Cap Rate

1.54

DSCR

$1,812

Rent

$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,574

Downpayment

20%

$33,880

Closing costs

1%

$1,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,812

Total Expenses

$1,429

Mortgage P&I

48%

$871

Property Taxes

2%

$44

Home Insurance

2%

$42

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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