Real Estate

8 Park Ln, Lookout Mountain, TN 37350

Property Details for 8 Park Ln, Lookout Mountain, TN 37350

Property Detail Name Property Detail Value
Address 8 Park Ln, Lookout Mountain, TN 37350
Property Type Single Family
Price $1,295,000
Price Change -$105,000
Tax Assessed Value $687,600
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 5.0
Bathrooms 5.0
Living Area 4,670.0
Lot Area 0.9800000000000001
Lot Area Unit ACRES
Year Built 1988

Financial Summary for 8 Park Ln, Lookout Mountain, TN 37350

Financial Metric Name Financial Metric Value
Cash on Cash Return -5.5%
Monthly Rent $5,824
Net Operating Income $5,465
Cap Rate 5.1%
Monthly Cash Flow -$1,185
Gross Rent Multiplier 18.5
Debt Service Coverage Ratio 0.9
Principal and Interest $6,043
Tax $607
HOA Fees $0
Insurance $359
Total Payment $7,009