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$2,422 (target)

6308 N Lee Hwy, Cleveland, TN 37312

3 beds • 2 baths • 1353 sqft

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This property could be a profitable Mid-Term investment with a projected 30.78% first-year return on $38,790 initial cash invested.

30.78%

Cash On Cash

19.36%

Cap Rate

3.16

DSCR

$2,422

Rent

$995

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,422 income − $1,427 expenses = $995 cash flow

Income$2,422Mortgage P&I$50521%Property Taxes$633%Insurance$351%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%Cash Flow$995

Investment Breakdown

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Purchase Price

$99,000

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,790

Downpayment

20%

$19,800

Closing costs

1%

$990

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,422

Total Expenses

$1,427

Mortgage P&I

21%

$505

Property Taxes

3%

$63

Home Insurance

1%

$35

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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