REI Lense

REI Lense

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$1,929 (target)

1840 Manila Ave, Memphis, TN 38114

3 beds • 3 baths • 2282 sqft

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This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $56,700 initial cash invested.

-9.44%

Cash On Cash

5.06%

Cap Rate

0.76

DSCR

$1,929

Rent

-$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,929 income − $2,375 expenses = $446 out of pocket

Income$1,929Out of Pocket$446Mortgage P&I$1,48977%Property Taxes$29115%Insurance$945%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,929

Total Expenses

$2,375

Mortgage P&I

77%

$1,489

Property Taxes

15%

$291

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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