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Long-Term Rental Analysis
515 Basswood Ave APT E58, Nashville, TN 37209
$249,900 • 3 beds • 2 baths • 1154 sqft

This property looks like a bad Long-Term investment with a projected -4.32% first-year return on $52,479 initial cash invested.

Cash On Cash
-4.32%
Cap Rate
6.03%
Rent
$2,295
Cashflow
-$189
Rent Confidence:  High
Annual
$27,540
Median
$2,295
Avg
$2,301
Samples
25
Financing
Purchase Price  $250k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $52,479
Downpayment  $49,980
Closing costs  $2,499
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $2,295
Total Expenses  $2,484
Mortgage P&I  $1,330
Property Taxes  $116
Home Insurance  $88
HOA  $352
PManagement  $230
CapEx  $115
Vacancy  $138
Maintenance  $115
Other  $0
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#Comparable PropertyRentBedsBathsSQFTDistance
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5515 Basswood Ave, Apt B22$22003212500.1 mi
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15647 Vernon Ave, Apt 400$24493213931.5 mi
16647 Vernon Ave, Apt 402$24853213931.6 mi
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18677 Vernon Ave, Apt 301$29953214101.7 mi
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20605 Croley Dr, Unit B$26503215151 mi
21657 James Ave$17953111751.5 mi
22443 Thunderbird Ct$210031.513501.2 mi
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24740 Vernon Ave$227532.513001.8 mi
25718 Vernon Ave$240032.513001.8 mi