REI Lense

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$2,055 (target)

8656 Wood Mills Dr W, Cordova, TN 38016

3 beds • 2 baths • 2272 sqft

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This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $64,911 initial cash invested.

-9.22%

Cash On Cash

4.43%

Cap Rate

0.74

DSCR

$2,055

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $2,554 expenses = $499 out of pocket

Income$2,055Out of Pocket$499Mortgage P&I$1,53775%Property Taxes$33216%Insurance$1085%HOA$422%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,911

Downpayment

20%

$61,820

Closing costs

1%

$3,091

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,055

Total Expenses

$2,554

Mortgage P&I

75%

$1,537

Property Taxes

16%

$332

Home Insurance

5%

$108

HOA

2%

$42

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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