REI Lense

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$1,941 (target)

3863 Minden Rd, Memphis, TN 38111

3 beds • 2 baths • 1910 sqft

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This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $84,063 initial cash invested.

-16.52%

Cash On Cash

2.97%

Cap Rate

0.48

DSCR

$1,941

Rent

-$1,157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,941 income − $3,098 expenses = $1,157 out of pocket

Income$1,941Out of Pocket$1,157Mortgage P&I$2,052106%Property Taxes$39720%Insurance$1457%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,063

Downpayment

20%

$80,060

Closing costs

1%

$4,003

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,941

Total Expenses

$3,098

Mortgage P&I

106%

$2,052

Property Taxes

20%

$397

Home Insurance

7%

$145

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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