REI Lense

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$3,920 (target)

6247 Golden Dr, Morristown, TN 37814

3 beds • 2 baths • 2808 sqft

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This property might be a fair Mid-Term investment with a projected 5.6% first-year return on $97,464 initial cash invested.

5.6%

Cash On Cash

7.9%

Cap Rate

1.33

DSCR

$3,920

Rent

$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,920 income − $3,465 expenses = $455 cash flow

Income$3,920Mortgage P&I$1,88048%Property Taxes$1163%Insurance$1363%Management$47012%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43111%Cash Flow$455

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,464

Downpayment

20%

$75,680

Closing costs

1%

$3,784

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,920

Total Expenses

$3,465

Mortgage P&I

48%

$1,880

Property Taxes

3%

$116

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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