REI Lense

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$1,396 (target)

4393 Ridge Bay Cv, Millington, TN 38053

3 beds • 2 baths • 1493 sqft

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This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $41,979 initial cash invested.

-6.49%

Cash On Cash

5.56%

Cap Rate

0.86

DSCR

$1,396

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,396 income − $1,623 expenses = $227 out of pocket

Income$1,396Out of Pocket$227Mortgage P&I$1,08478%Property Taxes$1058%Insurance$705%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,396

Total Expenses

$1,623

Mortgage P&I

78%

$1,084

Property Taxes

8%

$105

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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