REI Lense

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$2,011 (target)

295 Farmway Dr SE, Cleveland, TN 37323

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $80,829 initial cash invested.

-10.13%

Cash On Cash

4.23%

Cap Rate

0.7

DSCR

$2,011

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,011 income − $2,693 expenses = $682 out of pocket

Income$2,011Out of Pocket$682Mortgage P&I$1,93896%Property Taxes$874%Insurance$1367%HOA$8Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,829

Downpayment

20%

$76,980

Closing costs

1%

$3,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,011

Total Expenses

$2,693

Mortgage P&I

96%

$1,938

Property Taxes

4%

$87

Home Insurance

7%

$136

HOA

0%

$8

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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