REI Lense

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$1,443 (target)

3390 Covington Pike, Memphis, TN 38128

3 beds • 2 baths • 1736 sqft

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This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $42,000 initial cash invested.

-8.46%

Cash On Cash

5.14%

Cap Rate

0.79

DSCR

$1,443

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,443 income − $1,739 expenses = $296 out of pocket

Income$1,443Out of Pocket$296Mortgage P&I$1,08075%Property Taxes$21415%Insurance$705%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,443

Total Expenses

$1,739

Mortgage P&I

75%

$1,080

Property Taxes

15%

$214

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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