REI Lense

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$3,668 (target)

1173 Island Pl E, Memphis, TN 38103

3 beds • 3 baths • 1715 sqft

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This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $93,516 initial cash invested.

-0.22%

Cash On Cash

6.43%

Cap Rate

1.07

DSCR

$3,668

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,668 income − $3,685 expenses = $17 out of pocket

Income$3,668Out of Pocket$17Mortgage P&I$1,79649%Property Taxes$43912%Insurance$1283%HOA$752%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40311%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,516

Downpayment

20%

$71,920

Closing costs

1%

$3,596

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,668

Total Expenses

$3,685

Mortgage P&I

49%

$1,796

Property Taxes

12%

$439

Home Insurance

3%

$128

HOA

2%

$75

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$403

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