REI Lense

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$3,964 (target)

6950 Spring Place Rd SE, Cleveland, TN 37323

3 beds • 3 baths • 2524 sqft

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This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $140k initial cash invested.

-6.23%

Cash On Cash

5.05%

Cap Rate

0.81

DSCR

$3,964

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,964 income − $4,690 expenses = $726 out of pocket

Income$3,964Out of Pocket$726Mortgage P&I$3,00776%Property Taxes$1253%Insurance$2095%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43611%

Investment Breakdown

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Purchase Price

$580k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,802

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,964

Total Expenses

$4,690

Mortgage P&I

76%

$3,007

Property Taxes

3%

$125

Home Insurance

5%

$209

HOA

0%

$0

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$436

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