REI Lense

REI Lense

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$1,959 (target)

3499 Cherokee Dr, Morristown, TN 37814

3 beds • 2 baths • 2541 sqft

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This property looks like a bad Long-Term investment with a projected -10.53% first-year return on $82,362 initial cash invested.

-10.53%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$1,959

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $2,682 expenses = $723 out of pocket

Income$1,959Out of Pocket$723Mortgage P&I$1,94299%Property Taxes$864%Insurance$1447%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,362

Downpayment

20%

$78,440

Closing costs

1%

$3,922

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,959

Total Expenses

$2,682

Mortgage P&I

99%

$1,942

Property Taxes

4%

$86

Home Insurance

7%

$144

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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