REI Lense

REI Lense

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$1,234 (target)

2512 Derbyshire Ave, Memphis, TN 38127

3 beds • 2 baths • 1303 sqft

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This property looks like a bad Long-Term investment with a projected -5.67% first-year return on $34,293 initial cash invested.

-5.67%

Cash On Cash

5.8%

Cap Rate

0.89

DSCR

$1,234

Rent

-$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,234 income − $1,396 expenses = $162 out of pocket

Income$1,234Out of Pocket$162Mortgage P&I$88972%Property Taxes$12610%Insurance$605%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%

Investment Breakdown

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Purchase Price

$163k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,293

Downpayment

20%

$32,660

Closing costs

1%

$1,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,234

Total Expenses

$1,396

Mortgage P&I

72%

$889

Property Taxes

10%

$126

Home Insurance

5%

$60

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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