REI Lense

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$3,016 (target)

295 Farmway Dr SE, Cleveland, TN 37323

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $98,829 initial cash invested.

-2.17%

Cash On Cash

5.86%

Cap Rate

0.97

DSCR

$3,016

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,016 income − $3,195 expenses = $179 out of pocket

Income$3,016Out of Pocket$179Mortgage P&I$1,93864%Property Taxes$873%Insurance$1365%HOA$8Management$36212%CapEx$1214%Vacancy$903%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,829

Downpayment

20%

$76,980

Closing costs

1%

$3,849

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,016

Total Expenses

$3,195

Mortgage P&I

64%

$1,938

Property Taxes

3%

$87

Home Insurance

5%

$136

HOA

0%

$8

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$90

Maintenance

4%

$121

Other

11%

$332

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