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$2,397 (target)

3466 McMinnville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1258 sqft

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This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $84,213 initial cash invested.

-4.18%

Cash On Cash

5.62%

Cap Rate

0.88

DSCR

$2,397

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,690 expenses = $293 out of pocket

Income$2,397Out of Pocket$293Mortgage P&I$1,67370%Property Taxes$894%Insurance$1125%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,213

Downpayment

20%

$63,060

Closing costs

1%

$3,153

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,690

Mortgage P&I

70%

$1,673

Property Taxes

4%

$89

Home Insurance

5%

$112

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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