REI Lense

REI Lense

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$2,040 (target)

810 N Walnut Bend Rd, Cordova, TN 38018

3 beds • 2 baths • 1852 sqft

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This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $59,850 initial cash invested.

-7.16%

Cash On Cash

5.01%

Cap Rate

0.82

DSCR

$2,040

Rent

-$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,040 income − $2,397 expenses = $357 out of pocket

Income$2,040Out of Pocket$357Mortgage P&I$1,44471%Property Taxes$32116%Insurance$1025%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,040

Total Expenses

$2,397

Mortgage P&I

71%

$1,444

Property Taxes

16%

$321

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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