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$2,164 (target)

3390 Covington Pike, Memphis, TN 38128

3 beds • 2 baths • 1736 sqft

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This property might be a fair Mid-Term investment with a projected 1.26% first-year return on $60,000 initial cash invested.

1.26%

Cash On Cash

7.38%

Cap Rate

1.14

DSCR

$2,164

Rent

$63

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $2,101 expenses = $63 cash flow

Income$2,164Mortgage P&I$1,08050%Property Taxes$21410%Insurance$703%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23811%Cash Flow$63

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,164

Total Expenses

$2,101

Mortgage P&I

50%

$1,080

Property Taxes

10%

$214

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$238

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