REI Lense

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$2,628 (target)

886 Fairground St, Cookeville, TN 38501

3 beds • 2 baths • 2232 sqft

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This property looks like a bad Mid-Term investment with a projected -5.58% first-year return on $97,653 initial cash invested.

-5.58%

Cash On Cash

4.92%

Cap Rate

0.82

DSCR

$2,628

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,628 income − $3,082 expenses = $454 out of pocket

Income$2,628Out of Pocket$454Mortgage P&I$1,90572%Property Taxes$1445%Insurance$1405%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,628

Total Expenses

$3,082

Mortgage P&I

72%

$1,905

Property Taxes

5%

$144

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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