REI Lense

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$2,802 (target)

860 Hemlock Cir, Morristown, TN 37814

3 beds • 3 baths • 2294 sqft

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This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $94,776 initial cash invested.

-3.75%

Cash On Cash

5.52%

Cap Rate

0.9

DSCR

$2,802

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $3,098 expenses = $296 out of pocket

Income$2,802Out of Pocket$296Mortgage P&I$1,86767%Property Taxes$1485%Insurance$1315%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

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Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,776

Downpayment

20%

$73,120

Closing costs

1%

$3,656

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$3,098

Mortgage P&I

67%

$1,867

Property Taxes

5%

$148

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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