REI Lense

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$2,257 (target)

6188 Wardwell Dr, Ooltewah, TN 37363

3 beds • 3 baths • 1738 sqft

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This property looks like a bad Long-Term investment with a projected -3.25% first-year return on $68,691 initial cash invested.

-3.25%

Cash On Cash

5.76%

Cap Rate

0.96

DSCR

$2,257

Rent

-$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,257 income − $2,443 expenses = $186 out of pocket

Income$2,257Out of Pocket$186Mortgage P&I$1,64273%Property Taxes$974%Insurance$1175%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,691

Downpayment

20%

$65,420

Closing costs

1%

$3,271

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,257

Total Expenses

$2,443

Mortgage P&I

73%

$1,642

Property Taxes

4%

$97

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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