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$2,870 (target)

507 Steeplechase Dr, Johnson City, TN 37601

3 beds • 2 baths • 2168 sqft

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This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $112k initial cash invested.

-8.54%

Cash On Cash

4.17%

Cap Rate

0.7

DSCR

$2,870

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $3,669 expenses = $799 out of pocket

Income$2,870Out of Pocket$799Mortgage P&I$2,24678%Property Taxes$28110%Insurance$1666%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,840

Closing costs

1%

$4,492

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$3,669

Mortgage P&I

78%

$2,246

Property Taxes

10%

$281

Home Insurance

6%

$166

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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