REI Lense

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$1,851 (target)

2512 Derbyshire Ave, Memphis, TN 38127

3 beds • 2 baths • 1303 sqft

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This property might be a fair Mid-Term investment with a projected 3.35% first-year return on $52,293 initial cash invested.

3.35%

Cash On Cash

8.15%

Cap Rate

1.25

DSCR

$1,851

Rent

$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,851 income − $1,705 expenses = $146 cash flow

Income$1,851Mortgage P&I$88948%Property Taxes$1267%Insurance$603%Management$22212%CapEx$744%Vacancy$563%Maintenance$744%Other$20411%Cash Flow$146

Investment Breakdown

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Purchase Price

$163k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,293

Downpayment

20%

$32,660

Closing costs

1%

$1,633

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,851

Total Expenses

$1,705

Mortgage P&I

48%

$889

Property Taxes

7%

$126

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$222

CapEx

4%

$74

Vacancy

3%

$56

Maintenance

4%

$74

Other

11%

$204

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