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$2,301 (target)

6785 Castlegate Cv, Memphis, TN 38141

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $69,261 initial cash invested.

-1.66%

Cash On Cash

6.28%

Cap Rate

1

DSCR

$2,301

Rent

-$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,301 income − $2,397 expenses = $96 out of pocket

Income$2,301Out of Pocket$96Mortgage P&I$1,28256%Property Taxes$24511%Insurance$884%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,261

Downpayment

20%

$48,820

Closing costs

1%

$2,441

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,301

Total Expenses

$2,397

Mortgage P&I

56%

$1,282

Property Taxes

11%

$245

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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