REI Lense

REI Lense

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$2,331 (target)

3209 Landmark Dr, Morristown, TN 37814

3 beds • 2 baths • 3323 sqft

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This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $85,974 initial cash invested.

-10.09%

Cash On Cash

4.51%

Cap Rate

0.72

DSCR

$2,331

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $3,054 expenses = $723 out of pocket

Income$2,331Out of Pocket$723Mortgage P&I$2,14492%Property Taxes$1567%Insurance$1476%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,974

Downpayment

20%

$81,880

Closing costs

1%

$4,094

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,331

Total Expenses

$3,054

Mortgage P&I

92%

$2,144

Property Taxes

7%

$156

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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