REI Lense

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$3,388 (target)

504 Cliff St, Morristown, TN 37814

3 beds • 2 baths • 1682 sqft

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This property might be a fair Mid-Term investment with a projected 4.93% first-year return on $85,200 initial cash invested.

4.93%

Cash On Cash

7.85%

Cap Rate

1.3

DSCR

$3,388

Rent

$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $3,038 expenses = $350 cash flow

Income$3,388Mortgage P&I$1,60747%Property Taxes$1324%Insurance$1123%HOA$331%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$350

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,388

Total Expenses

$3,038

Mortgage P&I

47%

$1,607

Property Taxes

4%

$132

Home Insurance

3%

$112

HOA

1%

$33

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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