REI Lense

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$1,367 (target)

2276 Redwood Ave, Memphis, TN 38108

3 beds • 4 baths • 2205 sqft

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This property could be a profitable Long-Term investment with a projected 29.7% first-year return on $18,669 initial cash invested.

29.7%

Cash On Cash

13.28%

Cap Rate

2.17

DSCR

$1,367

Rent

$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,367 income − $905 expenses = $462 cash flow

Income$1,367Mortgage P&I$45433%Property Taxes$655%Insurance$312%Management$13710%CapEx$685%Vacancy$826%Maintenance$685%Cash Flow$462

Investment Breakdown

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Purchase Price

$88,900

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$18,669

Downpayment

20%

$17,780

Closing costs

1%

$889

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,367

Total Expenses

$905

Mortgage P&I

33%

$454

Property Taxes

5%

$65

Home Insurance

2%

$31

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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