REI Lense

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$2,259 (target)

2750 Ward Rd, Millington, TN 38053

3 beds • 3 baths • 2211 sqft

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This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $75,138 initial cash invested.

-9.65%

Cash On Cash

4.99%

Cap Rate

0.75

DSCR

$2,259

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $2,863 expenses = $604 out of pocket

Income$2,259Out of Pocket$604Mortgage P&I$1,97888%Property Taxes$1677%Insurance$1306%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,138

Downpayment

20%

$71,560

Closing costs

1%

$3,578

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,259

Total Expenses

$2,863

Mortgage P&I

88%

$1,978

Property Taxes

7%

$167

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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