REI Lense

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$3,340 (target)

7229 Fairington Cir, Hixson, TN 37343

3 beds • 3 baths • 2136 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $94,104 initial cash invested.

2.63%

Cash On Cash

7.03%

Cap Rate

1.19

DSCR

$3,340

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,340 income − $3,134 expenses = $206 cash flow

Income$3,340Mortgage P&I$1,78253%Property Taxes$973%Insurance$1194%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%Cash Flow$206

Investment Breakdown

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Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,104

Downpayment

20%

$72,480

Closing costs

1%

$3,624

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,340

Total Expenses

$3,134

Mortgage P&I

53%

$1,782

Property Taxes

3%

$97

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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