REI Lense

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$3,438 (target)

6033 Heritage Ridge Dr, Hixson, TN 37343

3 beds • 3 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $114k initial cash invested.

-4.91%

Cash On Cash

5.1%

Cap Rate

0.86

DSCR

$3,438

Rent

-$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,438 income − $3,905 expenses = $467 out of pocket

Income$3,438Out of Pocket$467Mortgage P&I$2,27366%Property Taxes$2698%Insurance$1645%HOA$291%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37811%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,500

Closing costs

1%

$4,575

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,438

Total Expenses

$3,905

Mortgage P&I

66%

$2,273

Property Taxes

8%

$269

Home Insurance

5%

$164

HOA

1%

$29

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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