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550 W 7th North St, Morristown, TN 37814

3 beds • 2 baths • 1126 sqft

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This property could be a profitable Mid-Term investment with a projected 32.69% first-year return on $40,890 initial cash invested.

32.69%

Cash On Cash

19.24%

Cap Rate

3.3

DSCR

$2,628

Rent

$1,114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$109k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,890

Downpayment

20%

$21,800

Closing costs

1%

$1,090

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$2,628

Total Expenses

$1,514

Mortgage P&I

20%

$529

Property Taxes

2%

$54

Home Insurance

1%

$38

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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