REI Lense

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$1,421 (target)

4231 Wanatah St, Memphis, TN 38109

3 beds • 2 baths • 1292 sqft

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This property might be a fair Long-Term investment with a projected 4.38% first-year return on $33,159 initial cash invested.

4.38%

Cash On Cash

8.03%

Cap Rate

1.22

DSCR

$1,421

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,421 income − $1,300 expenses = $121 cash flow

Income$1,421Mortgage P&I$86561%Property Taxes$111%Insurance$554%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%Cash Flow$121

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,159

Downpayment

20%

$31,580

Closing costs

1%

$1,579

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,421

Total Expenses

$1,300

Mortgage P&I

61%

$865

Property Taxes

1%

$11

Home Insurance

4%

$55

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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