REI Lense

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$1,169 (target)

3707 Faxon Ave, Memphis, TN 38122

3 beds • 2 baths • 1195 sqft

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This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $46,200 initial cash invested.

-12.75%

Cash On Cash

3.94%

Cap Rate

0.63

DSCR

$1,169

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,169 income − $1,660 expenses = $491 out of pocket

Income$1,169Out of Pocket$491Mortgage P&I$1,15699%Property Taxes$12411%Insurance$777%Management$11710%CapEx$585%Vacancy$706%Maintenance$585%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,169

Total Expenses

$1,660

Mortgage P&I

99%

$1,156

Property Taxes

11%

$124

Home Insurance

7%

$77

HOA

0%

$0

Property Management

10%

$117

CapEx

5%

$58

Vacancy

6%

$70

Maintenance

5%

$58

Other

0%

$0

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