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214 Gardenia Dr, Memphis, TN 38117

3 beds • 2 baths • 2259 sqft

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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $107k initial cash invested.

-16.51%

Cash On Cash

2.69%

Cap Rate

0.46

DSCR

$2,397

Rent

-$1,466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$101k

Closing costs

1%

$5,074

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,397

Total Expenses

$3,863

Mortgage P&I

104%

$2,482

Property Taxes

24%

$572

Home Insurance

8%

$185

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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