REI Lense

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$1,767 (target)

1023 Hunters Point Dr, Cordova, TN 38018

3 beds • 2 baths • 1554 sqft

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This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $53,823 initial cash invested.

-7.51%

Cash On Cash

4.9%

Cap Rate

0.81

DSCR

$1,767

Rent

-$337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,767 income − $2,104 expenses = $337 out of pocket

Income$1,767Out of Pocket$337Mortgage P&I$1,29573%Property Taxes$25915%Insurance$915%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,823

Downpayment

20%

$51,260

Closing costs

1%

$2,563

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,767

Total Expenses

$2,104

Mortgage P&I

73%

$1,295

Property Taxes

15%

$259

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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