REI Lense

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$2,626 (target)

483 Springfield Dr, Bristol, TN 37620

3 beds • 2 baths • 2150 sqft

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This property might be a fair Mid-Term investment with a projected 4.41% first-year return on $72,390 initial cash invested.

4.41%

Cash On Cash

7.71%

Cap Rate

1.29

DSCR

$2,626

Rent

$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,626 income − $2,360 expenses = $266 cash flow

Income$2,626Mortgage P&I$1,29349%Property Taxes$833%Insurance$913%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$266

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,626

Total Expenses

$2,360

Mortgage P&I

49%

$1,293

Property Taxes

3%

$83

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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