REI Lense

REI Lense

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$2,292 (target)

6033 Heritage Ridge Dr, Hixson, TN 37343

3 beds • 3 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $96,075 initial cash invested.

-12.99%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$2,292

Rent

-$1,040

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,292 income − $3,332 expenses = $1,040 out of pocket

Income$2,292Out of Pocket$1,040Mortgage P&I$2,27399%Property Taxes$26912%Insurance$1647%HOA$291%Management$22910%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,075

Downpayment

20%

$91,500

Closing costs

1%

$4,575

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,292

Total Expenses

$3,332

Mortgage P&I

99%

$2,273

Property Taxes

12%

$269

Home Insurance

7%

$164

HOA

1%

$29

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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