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$2,024 (target)

137 Champa Ave, Memphis, TN 38109

3 beds • 2 baths • 1892 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $64,788 initial cash invested.

-2.2%

Cash On Cash

6.23%

Cap Rate

0.97

DSCR

$2,024

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,143 expenses = $119 out of pocket

Income$2,024Out of Pocket$119Mortgage P&I$1,19559%Property Taxes$1819%Insurance$784%Management$24312%CapEx$814%Vacancy$613%Maintenance$814%Other$22311%

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,788

Downpayment

20%

$44,560

Closing costs

1%

$2,228

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,024

Total Expenses

$2,143

Mortgage P&I

59%

$1,195

Property Taxes

9%

$181

Home Insurance

4%

$78

HOA

0%

$0

Property Management

12%

$243

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$223

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