REI Lense

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$1,427 (target)

1005 Richland Dr, West Memphis, AR 72301

3 beds • 2 baths • 1455 sqft

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This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $49,182 initial cash invested.

-8.95%

Cash On Cash

4.91%

Cap Rate

0.76

DSCR

$1,427

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,427 income − $1,794 expenses = $367 out of pocket

Income$1,427Out of Pocket$367Mortgage P&I$1,25488%Property Taxes$856%Insurance$846%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,427

Total Expenses

$1,794

Mortgage P&I

88%

$1,254

Property Taxes

6%

$85

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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