REI Lense

REI Lense

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$1,344 (target)

4409 Jamaica Ave, Memphis, TN 38117

3 beds • 2 baths • 1148 sqft

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This property looks like a bad Long-Term investment with a projected -5.3% first-year return on $33,957 initial cash invested.

-5.3%

Cash On Cash

6.18%

Cap Rate

0.91

DSCR

$1,344

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,344 income − $1,494 expenses = $150 out of pocket

Income$1,344Out of Pocket$150Mortgage P&I$91668%Property Taxes$17313%Insurance$564%Management$13410%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$162k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,957

Downpayment

20%

$32,340

Closing costs

1%

$1,617

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,344

Total Expenses

$1,494

Mortgage P&I

68%

$916

Property Taxes

13%

$173

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$134

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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