REI Lense

REI Lense

$1,652 (target)

4583 19th Hwy, Ripley, TN 38063

3 beds • 2 baths • 1548 sqft

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This property might be a fair Mid-Term investment with a projected 0.78% first-year return on $53,574 initial cash invested.

0.78%

Cash On Cash

7.46%

Cap Rate

1.11

DSCR

$1,652

Rent

$35

Cashflow

Cash Flow

$1,652 income − $1,617 expenses = $35 cash flow

Income$1,652P&I$95258%Taxes$483%Insurance$553%Mgmt$19812%CapEx$664%Vacancy$503%Maint.$664%Other$18211%Cash Flow$35

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,574

Downpayment

20%

$33,880

Closing costs

1%

$1,694

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,652

Total Expenses

$1,617

Mortgage P&I

58%

$952

Property Taxes

3%

$48

Home Insurance

3%

$55

HOA

0%

$0

Property Management

12%

$198

CapEx

4%

$66

Vacancy

3%

$50

Maintenance

4%

$66

Other

11%

$182

See Ripley, TN mid-term rental market →

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