REI Lense

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$2,342 (target)

8489 Cherrybark Ln, Ooltewah, TN 37363

3 beds • 2 baths • 1697 sqft

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This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $84,945 initial cash invested.

-8.67%

Cash On Cash

4.51%

Cap Rate

0.75

DSCR

$2,342

Rent

-$614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,945

Downpayment

20%

$80,900

Closing costs

1%

$4,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,342

Total Expenses

$2,956

Mortgage P&I

86%

$2,017

Property Taxes

5%

$115

Home Insurance

6%

$144

HOA

3%

$71

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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