REI Lense

REI Lense

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$2,483 (target)

1218 Cordova Green Dr, Cordova, TN 38018

3 beds • 3 baths • 2967 sqft

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This property looks like a bad Long-Term investment with a projected -4.32% first-year return on $73,962 initial cash invested.

-4.32%

Cash On Cash

5.59%

Cap Rate

0.92

DSCR

$2,483

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,483 income − $2,749 expenses = $266 out of pocket

Income$2,483Out of Pocket$266Mortgage P&I$1,78472%Property Taxes$1968%Insurance$1245%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,962

Downpayment

20%

$70,440

Closing costs

1%

$3,522

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,483

Total Expenses

$2,749

Mortgage P&I

72%

$1,784

Property Taxes

8%

$196

Home Insurance

5%

$124

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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