REI Lense

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$2,907 (target)

3150 Robinson Creek Rd, Morristown, TN 37813

3 beds • 2 baths • 2475 sqft

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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $94,797 initial cash invested.

-2.3%

Cash On Cash

5.9%

Cap Rate

0.96

DSCR

$2,907

Rent

-$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,907 income − $3,089 expenses = $182 out of pocket

Income$2,907Out of Pocket$182Mortgage P&I$1,86464%Property Taxes$973%Insurance$1405%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,797

Downpayment

20%

$73,140

Closing costs

1%

$3,657

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,907

Total Expenses

$3,089

Mortgage P&I

64%

$1,864

Property Taxes

3%

$97

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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