REI Lense

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$4,959 (target)

985 E Brentwood Dr, Morristown, TN 37814

3 beds • 3 baths • 2980 sqft

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This property might be a fair Mid-Term investment with a projected 8.62% first-year return on $110k initial cash invested.

8.62%

Cash On Cash

8.74%

Cap Rate

1.45

DSCR

$4,959

Rent

$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,959 income − $4,171 expenses = $788 cash flow

Income$4,959Mortgage P&I$2,19344%Property Taxes$1353%Insurance$1583%Management$59512%CapEx$1984%Vacancy$1493%Maintenance$1984%Other$54511%Cash Flow$788

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,320

Closing costs

1%

$4,366

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,959

Total Expenses

$4,171

Mortgage P&I

44%

$2,193

Property Taxes

3%

$135

Home Insurance

3%

$158

HOA

0%

$0

Property Management

12%

$595

CapEx

4%

$198

Vacancy

3%

$149

Maintenance

4%

$198

Other

11%

$545

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