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$2,094 (target)

4393 Ridge Bay Cv, Millington, TN 38053

3 beds • 2 baths • 1493 sqft

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This property might be a fair Mid-Term investment with a projected 2.46% first-year return on $59,979 initial cash invested.

2.46%

Cash On Cash

7.75%

Cap Rate

1.19

DSCR

$2,094

Rent

$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $1,971 expenses = $123 cash flow

Income$2,094Mortgage P&I$1,08452%Property Taxes$1055%Insurance$703%Management$25112%CapEx$844%Vacancy$633%Maintenance$844%Other$23011%Cash Flow$123

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,094

Total Expenses

$1,971

Mortgage P&I

52%

$1,084

Property Taxes

5%

$105

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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