REI Lense

REI Lense

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$1,557 (target)

62 New Renfroe St, Lexington, TN 38351

3 beds • 2 baths • 1502 sqft

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This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $44,100 initial cash invested.

-3.13%

Cash On Cash

5.97%

Cap Rate

0.97

DSCR

$1,557

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,557 income − $1,672 expenses = $115 out of pocket

Income$1,557Out of Pocket$115Mortgage P&I$1,08169%Property Taxes$956%Insurance$916%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,557

Total Expenses

$1,672

Mortgage P&I

69%

$1,081

Property Taxes

6%

$95

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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