REI Lense

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$2,565 (target)

7938 Macon Rd, Cordova, TN 38018

3 beds • 2 baths • 1304 sqft

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This property might be a fair Mid-Term investment with a projected 0.21% first-year return on $68,799 initial cash invested.

0.21%

Cash On Cash

7.1%

Cap Rate

1.09

DSCR

$2,565

Rent

$12

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $2,553 expenses = $12 cash flow

Income$2,565Mortgage P&I$1,31751%Property Taxes$27711%Insurance$863%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$12

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,799

Downpayment

20%

$48,380

Closing costs

1%

$2,419

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$2,553

Mortgage P&I

51%

$1,317

Property Taxes

11%

$277

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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