REI Lense

REI Lense

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$1,621 (target)

6943 Country Walk Dr, Cordova, TN 38018

3 beds • 2 baths • 1371 sqft

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This property looks like a bad Long-Term investment with a projected -7.63% first-year return on $51,618 initial cash invested.

-7.63%

Cash On Cash

5.2%

Cap Rate

0.81

DSCR

$1,621

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,621 income − $1,949 expenses = $328 out of pocket

Income$1,621Out of Pocket$328Mortgage P&I$1,31381%Property Taxes$1288%Insurance$875%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,621

Total Expenses

$1,949

Mortgage P&I

81%

$1,313

Property Taxes

8%

$128

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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