REI Lense

REI Lense

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$2,140 (target)

816 Altamont Rd, Chattanooga, TN 37415

3 beds • 3 baths • 1449 sqft

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This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $75,012 initial cash invested.

-11.31%

Cash On Cash

4.11%

Cap Rate

0.67

DSCR

$2,140

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $2,847 expenses = $707 out of pocket

Income$2,140Out of Pocket$707Mortgage P&I$1,82385%Property Taxes$34216%Insurance$1266%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,012

Downpayment

20%

$71,440

Closing costs

1%

$3,572

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$2,847

Mortgage P&I

85%

$1,823

Property Taxes

16%

$342

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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