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$3,114 (target)

2777 Union Ave, Memphis, TN 38111

3 beds • 2 baths • 1565 sqft

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This property might be a fair Mid-Term investment with a projected 3.54% first-year return on $76,947 initial cash invested.

3.54%

Cash On Cash

7.66%

Cap Rate

1.24

DSCR

$3,114

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,114 income − $2,887 expenses = $227 cash flow

Income$3,114Mortgage P&I$1,43946%Property Taxes$2879%Insurance$1013%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%Cash Flow$227

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,947

Downpayment

20%

$56,140

Closing costs

1%

$2,807

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,114

Total Expenses

$2,887

Mortgage P&I

46%

$1,439

Property Taxes

9%

$287

Home Insurance

3%

$101

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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