REI Lense

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$1,598 (target)

3466 McMinnville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1258 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $66,213 initial cash invested.

-12.54%

Cash On Cash

4.04%

Cap Rate

0.63

DSCR

$1,598

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,598 income − $2,290 expenses = $692 out of pocket

Income$1,598Out of Pocket$692Mortgage P&I$1,673105%Property Taxes$896%Insurance$1127%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,213

Downpayment

20%

$63,060

Closing costs

1%

$3,153

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$2,290

Mortgage P&I

105%

$1,673

Property Taxes

6%

$89

Home Insurance

7%

$112

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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