REI Lense

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$4,010 (target)

3903 Emerald Ave, Morristown, TN 37814

3 beds • 2 baths • 1846 sqft

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This property might be a fair Mid-Term investment with a projected 9.66% first-year return on $90,156 initial cash invested.

9.66%

Cash On Cash

9.06%

Cap Rate

1.52

DSCR

$4,010

Rent

$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,010 income − $3,284 expenses = $726 cash flow

Income$4,010Mortgage P&I$1,70743%Property Taxes$932%Insurance$1223%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$726

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,156

Downpayment

20%

$68,720

Closing costs

1%

$3,436

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,010

Total Expenses

$3,284

Mortgage P&I

43%

$1,707

Property Taxes

2%

$93

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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