REI Lense

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$2,938 (target)

3499 Cherokee Dr, Morristown, TN 37814

3 beds • 2 baths • 2541 sqft

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This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $100k initial cash invested.

-2.8%

Cash On Cash

5.59%

Cap Rate

0.94

DSCR

$2,938

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $3,172 expenses = $234 out of pocket

Income$2,938Out of Pocket$234Mortgage P&I$1,94266%Property Taxes$863%Insurance$1445%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,440

Closing costs

1%

$3,922

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,938

Total Expenses

$3,172

Mortgage P&I

66%

$1,942

Property Taxes

3%

$86

Home Insurance

5%

$144

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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