REI Lense

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$1,376 (target)

1776 Myrna Ln, Memphis, TN 38117

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Long-Term investment with a projected -3.68% first-year return on $34,923 initial cash invested.

-3.68%

Cash On Cash

6.03%

Cap Rate

0.96

DSCR

$1,376

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,376 income − $1,483 expenses = $107 out of pocket

Income$1,376Out of Pocket$107Mortgage P&I$87464%Property Taxes$18914%Insurance$614%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

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Purchase Price

$166k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,923

Downpayment

20%

$33,260

Closing costs

1%

$1,663

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,376

Total Expenses

$1,483

Mortgage P&I

64%

$874

Property Taxes

14%

$189

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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