REI Lense

REI Lense

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$2,673 (target)

3903 Emerald Ave, Morristown, TN 37814

3 beds • 2 baths • 1846 sqft

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This property might be a fair Long-Term investment with a projected 0.93% first-year return on $72,156 initial cash invested.

0.93%

Cash On Cash

6.63%

Cap Rate

1.11

DSCR

$2,673

Rent

$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $2,617 expenses = $56 cash flow

Income$2,673Mortgage P&I$1,70764%Property Taxes$933%Insurance$1225%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%Cash Flow$56

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,156

Downpayment

20%

$68,720

Closing costs

1%

$3,436

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$2,617

Mortgage P&I

64%

$1,707

Property Taxes

3%

$93

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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