REI Lense

REI Lense

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$1,547 (target)

2044 Vinton Ave, Memphis, TN 38104

3 beds • 2 baths • 1267 sqft

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This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $60,984 initial cash invested.

-13.11%

Cash On Cash

3.46%

Cap Rate

0.59

DSCR

$1,547

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,547 income − $2,213 expenses = $666 out of pocket

Income$1,547Out of Pocket$666Mortgage P&I$1,42692%Property Taxes$28018%Insurance$1057%Management$15510%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,984

Downpayment

20%

$58,080

Closing costs

1%

$2,904

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,547

Total Expenses

$2,213

Mortgage P&I

92%

$1,426

Property Taxes

18%

$280

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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