REI Lense

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$2,424 (target)

340 Springfield Dr, Bristol, TN 37620

3 beds • 2 baths • 1464 sqft

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This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $81,714 initial cash invested.

-4.01%

Cash On Cash

5.94%

Cap Rate

0.9

DSCR

$2,424

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,697 expenses = $273 out of pocket

Income$2,424Out of Pocket$273Mortgage P&I$1,67869%Property Taxes$843%Insurance$1105%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%

Investment Breakdown

|

Purchase Price

$303k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,714

Downpayment

20%

$60,680

Closing costs

1%

$3,034

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$2,697

Mortgage P&I

69%

$1,678

Property Taxes

3%

$84

Home Insurance

5%

$110

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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