REI Lense

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3402 Wind Cir, Morristown, TN 37814

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -8.98% first-year return on $98,934 initial cash invested.

-8.98%

Cash On Cash

3.96%

Cap Rate

0.67

DSCR

$2,698

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,934

Downpayment

20%

$77,080

Closing costs

1%

$3,854

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,698

Total Expenses

$3,438

Mortgage P&I

71%

$1,905

Property Taxes

4%

$98

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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