REI Lense

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$3,210 (target)

816 Altamont Rd, Chattanooga, TN 37415

3 beds • 3 baths • 1449 sqft

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This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $93,012 initial cash invested.

-2.21%

Cash On Cash

5.98%

Cap Rate

0.98

DSCR

$3,210

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $3,381 expenses = $171 out of pocket

Income$3,210Out of Pocket$171Mortgage P&I$1,82357%Property Taxes$34211%Insurance$1264%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,012

Downpayment

20%

$71,440

Closing costs

1%

$3,572

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,210

Total Expenses

$3,381

Mortgage P&I

57%

$1,823

Property Taxes

11%

$342

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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