REI Lense

REI Lense

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$2,163 (target)

521 Thompson Springs Rd SE, Cleveland, TN 37323

beds • baths • sqft

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This property might be a fair Mid-Term investment with a projected 2.04% first-year return on $46,432 initial cash invested.

2.04%

Cash On Cash

7.36%

Cap Rate

1.14

DSCR

$2,163

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,163 income − $2,084 expenses = $79 cash flow

Income$2,163Mortgage P&I$1,19155%Property Taxes$794%Insurance$774%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23811%Cash Flow$79

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,432

Downpayment

20%

$44,220

Closing costs

1%

$2,211

Rehab

0%

$0

Furnishing

0%

$1

Cashflow

Total Income

$2,163

Total Expenses

$2,084

Mortgage P&I

55%

$1,191

Property Taxes

4%

$79

Home Insurance

4%

$77

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$238

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