REI Lense

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$2,406 (target)

795 Newcastle Dr, Somerville, TN 38068

3 beds • 2 baths • 1348 sqft

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This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $89,904 initial cash invested.

-4.79%

Cash On Cash

5.31%

Cap Rate

0.85

DSCR

$2,406

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $2,765 expenses = $359 out of pocket

Income$2,406Out of Pocket$359Mortgage P&I$1,77774%Property Taxes$482%Insurance$1225%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,904

Downpayment

20%

$68,480

Closing costs

1%

$3,424

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$2,765

Mortgage P&I

74%

$1,777

Property Taxes

2%

$48

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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