REI Lense

REI Lense

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$2,380 (target)

796 Radiance Dr, Cordova, TN 38018

3 beds • 2 baths • 1669 sqft

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This property looks like a bad Long-Term investment with a projected -2.08% first-year return on $61,152 initial cash invested.

-2.08%

Cash On Cash

6%

Cap Rate

1.01

DSCR

$2,380

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,380 income − $2,486 expenses = $106 out of pocket

Income$2,380Out of Pocket$106Mortgage P&I$1,44261%Property Taxes$32013%Insurance$1054%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,152

Downpayment

20%

$58,240

Closing costs

1%

$2,912

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,380

Total Expenses

$2,486

Mortgage P&I

61%

$1,442

Property Taxes

13%

$320

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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