REI Lense

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$2,049 (target)

7614 Fairway Forest Dr N, Cordova, TN 38016

3 beds • 3 baths • 2573 sqft

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This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $61,971 initial cash invested.

-8.62%

Cash On Cash

4.61%

Cap Rate

0.77

DSCR

$2,049

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,049 income − $2,494 expenses = $445 out of pocket

Income$2,049Out of Pocket$445Mortgage P&I$1,47672%Property Taxes$38119%Insurance$1055%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,971

Downpayment

20%

$59,020

Closing costs

1%

$2,951

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,049

Total Expenses

$2,494

Mortgage P&I

72%

$1,476

Property Taxes

19%

$381

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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