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$3,074 (target)

7614 Fairway Forest Dr N, Cordova, TN 38016

3 beds • 3 baths • 2573 sqft

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This property might be a fair Mid-Term investment with a projected 1.01% first-year return on $79,971 initial cash invested.

1.01%

Cash On Cash

6.77%

Cap Rate

1.13

DSCR

$3,074

Rent

$67

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,074 income − $3,007 expenses = $67 cash flow

Income$3,074Mortgage P&I$1,47648%Property Taxes$38112%Insurance$1053%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%Cash Flow$67

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,971

Downpayment

20%

$59,020

Closing costs

1%

$2,951

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,074

Total Expenses

$3,007

Mortgage P&I

48%

$1,476

Property Taxes

12%

$381

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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