REI Lense

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$2,544 (target)

8740 Seven Lakes Dr, Ooltewah, TN 37363

3 beds • 3 baths • 2282 sqft

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This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $106k initial cash invested.

-11.62%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$2,544

Rent

-$1,023

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $3,567 expenses = $1,023 out of pocket

Income$2,544Out of Pocket$1,023Mortgage P&I$2,51699%Property Taxes$1436%Insurance$1787%HOA$693%Management$25410%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,031

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,544

Total Expenses

$3,567

Mortgage P&I

99%

$2,516

Property Taxes

6%

$143

Home Insurance

7%

$178

HOA

3%

$69

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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