REI Lense

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$1,749 (target)

2195 Lake Springs Ln, Cordova, TN 38016

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $54,579 initial cash invested.

-8.97%

Cash On Cash

4.75%

Cap Rate

0.76

DSCR

$1,749

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,749 income − $2,157 expenses = $408 out of pocket

Income$1,749Out of Pocket$408Mortgage P&I$1,34977%Property Taxes$26315%Insurance$915%Management$17510%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,749

Total Expenses

$2,157

Mortgage P&I

77%

$1,349

Property Taxes

15%

$263

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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