REI Lense

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$1,134 (target)

2887 Letrec Cv, Memphis, TN 38127

3 beds • 2 baths • 1042 sqft

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This property might be a fair Long-Term investment with a projected 1.06% first-year return on $24,990 initial cash invested.

1.06%

Cash On Cash

7.19%

Cap Rate

1.12

DSCR

$1,134

Rent

$22

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,134 income − $1,112 expenses = $22 cash flow

Income$1,134Mortgage P&I$63456%Property Taxes$13612%Insurance$474%Management$11310%CapEx$575%Vacancy$686%Maintenance$575%Cash Flow$22

Investment Breakdown

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Purchase Price

$119k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,990

Downpayment

20%

$23,800

Closing costs

1%

$1,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,134

Total Expenses

$1,112

Mortgage P&I

56%

$634

Property Taxes

12%

$136

Home Insurance

4%

$47

HOA

0%

$0

Property Management

10%

$113

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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