REI Lense

REI Lense

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$2,643 (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 Long-Term investment with a projected -13.64% first-year return on $122k initial cash invested.

-13.64%

Cash On Cash

3.63%

Cap Rate

0.58

DSCR

$2,643

Rent

-$1,385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,643 income − $4,028 expenses = $1,385 out of pocket

Income$2,643Out of Pocket$1,385Mortgage P&I$3,007114%Property Taxes$1255%Insurance$2098%Management$26410%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$580k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,802

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,643

Total Expenses

$4,028

Mortgage P&I

114%

$3,007

Property Taxes

5%

$125

Home Insurance

8%

$209

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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