REI Lense

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$1,389 (target)

2930 Getwell Rd, Memphis, TN 38118

3 beds • 2 baths • 1124 sqft

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This property could be a profitable Long-Term investment with a projected 18.56% first-year return on $22,050 initial cash invested.

18.56%

Cash On Cash

10.85%

Cap Rate

1.76

DSCR

$1,389

Rent

$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,389 income − $1,048 expenses = $341 cash flow

Income$1,389Mortgage P&I$53939%Property Taxes$1128%Insurance$373%Management$13910%CapEx$695%Vacancy$836%Maintenance$695%Cash Flow$341

Investment Breakdown

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Purchase Price

$105k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,050

Downpayment

20%

$21,000

Closing costs

1%

$1,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,389

Total Expenses

$1,048

Mortgage P&I

39%

$539

Property Taxes

8%

$112

Home Insurance

3%

$37

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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