REI Lense

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$3,388 (target)

2750 Ward Rd, Millington, TN 38053

3 beds • 3 baths • 2211 sqft

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This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $93,138 initial cash invested.

-0.53%

Cash On Cash

6.95%

Cap Rate

1.05

DSCR

$3,388

Rent

-$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $3,429 expenses = $41 out of pocket

Income$3,388Out of Pocket$41Mortgage P&I$1,97858%Property Taxes$1675%Insurance$1304%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,138

Downpayment

20%

$71,560

Closing costs

1%

$3,578

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,388

Total Expenses

$3,429

Mortgage P&I

58%

$1,978

Property Taxes

5%

$167

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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