REI Lense

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$1,484 (target)

6674 Chauncey, Memphis, TN 38141

3 beds • 2 baths • 1290 sqft

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This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $39,459 initial cash invested.

-3.47%

Cash On Cash

5.99%

Cap Rate

0.96

DSCR

$1,484

Rent

-$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,484 income − $1,598 expenses = $114 out of pocket

Income$1,484Out of Pocket$114Mortgage P&I$97866%Property Taxes$16711%Insurance$685%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,459

Downpayment

20%

$37,580

Closing costs

1%

$1,879

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,484

Total Expenses

$1,598

Mortgage P&I

66%

$978

Property Taxes

11%

$167

Home Insurance

5%

$68

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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