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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 Long-Term investment with a projected 35.39% first-year return on $22,890 initial cash invested.

35.39%

Cash On Cash

14.22%

Cap Rate

2.44

DSCR

$1,752

Rent

$675

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

$22,890

Downpayment

20%

$21,800

Closing costs

1%

$1,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,752

Total Expenses

$1,077

Mortgage P&I

30%

$529

Property Taxes

3%

$54

Home Insurance

2%

$38

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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