REI Lense

REI Lense

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$1,595 (target)

6426 Spadewood Ln, Harrison, TN 37341

3 beds • 2 baths • 1396 sqft

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This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $53,634 initial cash invested.

-6.15%

Cash On Cash

5.06%

Cap Rate

0.85

DSCR

$1,595

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,595 income − $1,870 expenses = $275 out of pocket

Income$1,595Out of Pocket$275Mortgage P&I$1,27380%Property Taxes$765%Insurance$1057%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,634

Downpayment

20%

$51,080

Closing costs

1%

$2,554

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,595

Total Expenses

$1,870

Mortgage P&I

80%

$1,273

Property Taxes

5%

$76

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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