REI Lense

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$2,051 (target)

365 Spring Haven Ln, Sparta, TN 38583

3 beds • 2 baths • 3200 sqft

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This property looks like a bad Long-Term investment with a projected -16.5% first-year return on $124k initial cash invested.

-16.5%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$2,051

Rent

-$1,703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,051 income − $3,754 expenses = $1,703 out of pocket

Income$2,051Out of Pocket$1,703Mortgage P&I$2,958144%Property Taxes$452%Insurance$21711%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,898

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,051

Total Expenses

$3,754

Mortgage P&I

144%

$2,958

Property Taxes

2%

$45

Home Insurance

11%

$217

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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