REI Lense

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$1,599 (target)

2783 Van Der Veer Dr, Memphis, TN 38133

3 beds • 2 baths • 1185 sqft

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This property looks like a bad Long-Term investment with a projected -2.97% first-year return on $40,467 initial cash invested.

-2.97%

Cash On Cash

6.14%

Cap Rate

0.98

DSCR

$1,599

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,599 income − $1,699 expenses = $100 out of pocket

Income$1,599Out of Pocket$100Mortgage P&I$1,00663%Property Taxes$20013%Insurance$775%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,467

Downpayment

20%

$38,540

Closing costs

1%

$1,927

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,599

Total Expenses

$1,699

Mortgage P&I

63%

$1,006

Property Taxes

13%

$200

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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