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$2,574 (target)

513 N Spring St, Sparta, TN 38583

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $96,057 initial cash invested.

-5.07%

Cash On Cash

4.98%

Cap Rate

0.84

DSCR

$2,574

Rent

-$406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,574 income − $2,980 expenses = $406 out of pocket

Income$2,574Out of Pocket$406Mortgage P&I$1,84572%Property Taxes$1255%Insurance$1355%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,057

Downpayment

20%

$74,340

Closing costs

1%

$3,717

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,574

Total Expenses

$2,980

Mortgage P&I

72%

$1,845

Property Taxes

5%

$125

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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