REI Lense

REI Lense

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$2,613 (target)

6247 Golden Dr, Morristown, TN 37814

3 beds • 2 baths • 2808 sqft

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This property looks like a bad Long-Term investment with a projected -3.01% first-year return on $79,464 initial cash invested.

-3.01%

Cash On Cash

5.75%

Cap Rate

0.96

DSCR

$2,613

Rent

-$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,812 expenses = $199 out of pocket

Income$2,613Out of Pocket$199Mortgage P&I$1,88072%Property Taxes$1164%Insurance$1365%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,464

Downpayment

20%

$75,680

Closing costs

1%

$3,784

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,613

Total Expenses

$2,812

Mortgage P&I

72%

$1,880

Property Taxes

4%

$116

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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