REI Lense

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$1,983 (target)

6209 Ridgeline Dr, Memphis, TN 38115

3 beds • 2 baths • 1633 sqft

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This property might be a fair Mid-Term investment with a projected 4.74% first-year return on $51,873 initial cash invested.

4.74%

Cash On Cash

8.58%

Cap Rate

1.33

DSCR

$1,983

Rent

$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,983 income − $1,778 expenses = $205 cash flow

Income$1,983Mortgage P&I$86944%Property Taxes$1809%Insurance$563%Management$23812%CapEx$794%Vacancy$593%Maintenance$794%Other$21811%Cash Flow$205

Investment Breakdown

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Purchase Price

$161k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,873

Downpayment

20%

$32,260

Closing costs

1%

$1,613

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,983

Total Expenses

$1,778

Mortgage P&I

44%

$869

Property Taxes

9%

$180

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$218

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