REI Lense

REI Lense

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$4,086 (target)

1400 Island Pl E, Memphis, TN 38103

3 beds • 3 baths • 2394 sqft

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This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $111k initial cash invested.

-1.79%

Cash On Cash

5.98%

Cap Rate

1

DSCR

$4,086

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,200

Closing costs

1%

$4,410

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,086

Total Expenses

$4,251

Mortgage P&I

54%

$2,199

Property Taxes

12%

$505

Home Insurance

4%

$159

HOA

0%

$0

Property Management

12%

$490

CapEx

4%

$163

Vacancy

3%

$123

Maintenance

4%

$163

Other

11%

$449

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