REI Lense

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$2,716 (target)

7609 Mahan Gap Rd, Ooltewah, TN 37363

3 beds • 2 baths • 960 sqft

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This property could be a profitable Mid-Term investment with a projected 10.13% first-year return on $63,129 initial cash invested.

10.13%

Cash On Cash

9.95%

Cap Rate

1.56

DSCR

$2,716

Rent

$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,716 income − $2,183 expenses = $533 cash flow

Income$2,716Mortgage P&I$1,14042%Property Taxes$401%Insurance$793%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%Cash Flow$533

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,716

Total Expenses

$2,183

Mortgage P&I

42%

$1,140

Property Taxes

1%

$40

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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