REI Lense

REI Lense

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$1,322 (target)

6209 Ridgeline Dr, Memphis, TN 38115

3 beds • 2 baths • 1633 sqft

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This property looks like a bad Long-Term investment with a projected -4.46% first-year return on $33,873 initial cash invested.

-4.46%

Cash On Cash

6.02%

Cap Rate

0.93

DSCR

$1,322

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,322 income − $1,448 expenses = $126 out of pocket

Income$1,322Out of Pocket$126Mortgage P&I$86966%Property Taxes$18014%Insurance$564%Management$13210%CapEx$665%Vacancy$796%Maintenance$665%

Investment Breakdown

|

Purchase Price

$161k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,873

Downpayment

20%

$32,260

Closing costs

1%

$1,613

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,322

Total Expenses

$1,448

Mortgage P&I

66%

$869

Property Taxes

14%

$180

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$132

CapEx

5%

$66

Vacancy

6%

$79

Maintenance

5%

$66

Other

0%

$0

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