REI Lense

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$1,407 (target)

8626 Crossville Hwy, Sparta, TN 38583

3 beds • 2 baths • 1238 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $51,366 initial cash invested.

-9.74%

Cash On Cash

4.82%

Cap Rate

0.74

DSCR

$1,407

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,407 income − $1,824 expenses = $417 out of pocket

Income$1,407Out of Pocket$417Mortgage P&I$1,33095%Property Taxes$594%Insurance$705%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,366

Downpayment

20%

$48,920

Closing costs

1%

$2,446

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,407

Total Expenses

$1,824

Mortgage P&I

95%

$1,330

Property Taxes

4%

$59

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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