REI Lense

REI Lense

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$2,228 (target)

4055 Kimball Ave, Memphis, TN 38111

3 beds • 2 baths • 1353 sqft

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This property could be a profitable Mid-Term investment with a projected 22.7% first-year return on $40,176 initial cash invested.

22.7%

Cash On Cash

15.74%

Cap Rate

2.58

DSCR

$2,228

Rent

$760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$106k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,176

Downpayment

20%

$21,120

Closing costs

1%

$1,056

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$2,228

Total Expenses

$1,468

Mortgage P&I

24%

$536

Property Taxes

6%

$137

Home Insurance

2%

$38

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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