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$2,892 (target)

9186 Speerberry Ln, Cordova, TN 38016

3 beds • 2 baths • 1998 sqft

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This property might be a fair Mid-Term investment with a projected 6.24% first-year return on $69,996 initial cash invested.

6.24%

Cash On Cash

8.63%

Cap Rate

1.37

DSCR

$2,892

Rent

$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,892 income − $2,528 expenses = $364 cash flow

Income$2,892Mortgage P&I$1,30145%Property Taxes$1555%Insurance$883%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$364

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,996

Downpayment

20%

$49,520

Closing costs

1%

$2,476

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,892

Total Expenses

$2,528

Mortgage P&I

45%

$1,301

Property Taxes

5%

$155

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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