REI Lense

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$2,496 (target)

300 Tanasi Dr, Newport, TN 37821

3 beds • 2 baths • 1524 sqft

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This property might be a fair Mid-Term investment with a projected 5.63% first-year return on $64,200 initial cash invested.

5.63%

Cash On Cash

8.74%

Cap Rate

1.33

DSCR

$2,496

Rent

$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $2,195 expenses = $301 cash flow

Income$2,496Mortgage P&I$1,20148%Property Taxes$673%Insurance$773%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%Cash Flow$301

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$2,195

Mortgage P&I

48%

$1,201

Property Taxes

3%

$67

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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