REI Lense

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$2,097 (target)

8307 Friendly Ct, Ooltewah, TN 37363

3 beds • 2 baths • 1546 sqft

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This property looks like a bad Long-Term investment with a projected -3.52% first-year return on $64,050 initial cash invested.

-3.52%

Cash On Cash

5.73%

Cap Rate

0.95

DSCR

$2,097

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,097 income − $2,285 expenses = $188 out of pocket

Income$2,097Out of Pocket$188Mortgage P&I$1,54073%Property Taxes$924%Insurance$1075%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,285

Mortgage P&I

73%

$1,540

Property Taxes

4%

$92

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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