REI Lense

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$2,229 (target)

528 Colonial Dr, Lexington, TN 38351

3 beds • 2 baths • 1485 sqft

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This property might be a fair Mid-Term investment with a projected 3% first-year return on $60,483 initial cash invested.

3%

Cash On Cash

8.22%

Cap Rate

1.21

DSCR

$2,229

Rent

$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,078 expenses = $151 cash flow

Income$2,229Mortgage P&I$1,14651%Property Taxes$874%Insurance$884%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$151

Investment Breakdown

|

Purchase Price

$202k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,483

Downpayment

20%

$40,460

Closing costs

1%

$2,023

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,229

Total Expenses

$2,078

Mortgage P&I

51%

$1,146

Property Taxes

4%

$87

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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