REI Lense

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$1,409 (target)

2600 Clearpark Cv, Memphis, TN 38127

3 beds • 2 baths • 1402 sqft

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This property could be a profitable Long-Term investment with a projected 24.59% first-year return on $19,614 initial cash invested.

24.59%

Cash On Cash

12.31%

Cap Rate

1.97

DSCR

$1,409

Rent

$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,409 income − $1,007 expenses = $402 cash flow

Income$1,409Mortgage P&I$48634%Property Taxes$1098%Insurance$463%Management$14110%CapEx$705%Vacancy$856%Maintenance$705%Cash Flow$402

Investment Breakdown

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Purchase Price

$93,400

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,614

Downpayment

20%

$18,680

Closing costs

1%

$934

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,409

Total Expenses

$1,007

Mortgage P&I

34%

$486

Property Taxes

8%

$109

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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