REI Lense

REI Lense

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$1,644 (target)

441 Merriwood Dr, Bristol, TN 37620

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $51,723 initial cash invested.

-6.66%

Cash On Cash

5.29%

Cap Rate

0.84

DSCR

$1,644

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $1,931 expenses = $287 out of pocket

Income$1,644Out of Pocket$287Mortgage P&I$1,29078%Property Taxes$1288%Insurance$865%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,723

Downpayment

20%

$49,260

Closing costs

1%

$2,463

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$1,931

Mortgage P&I

78%

$1,290

Property Taxes

8%

$128

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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