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$2,098 (target)

3618 Shoreham Dr, Memphis, TN 38118

3 beds • 2 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 8.9% first-year return on $50,277 initial cash invested.

8.9%

Cash On Cash

9.74%

Cap Rate

1.58

DSCR

$2,098

Rent

$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,098 income − $1,725 expenses = $373 cash flow

Income$2,098Mortgage P&I$79138%Property Taxes$1648%Insurance$563%Management$25212%CapEx$844%Vacancy$633%Maintenance$844%Other$23111%Cash Flow$373

Investment Breakdown

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Purchase Price

$154k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,277

Downpayment

20%

$30,740

Closing costs

1%

$1,537

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,098

Total Expenses

$1,725

Mortgage P&I

38%

$791

Property Taxes

8%

$164

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$252

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$231

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