REI Lense

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$1,928 (target)

9186 Speerberry Ln, Cordova, TN 38016

3 beds • 2 baths • 1998 sqft

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This property looks like a bad Long-Term investment with a projected -2.7% first-year return on $51,996 initial cash invested.

-2.7%

Cash On Cash

6.2%

Cap Rate

0.98

DSCR

$1,928

Rent

-$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,928 income − $2,045 expenses = $117 out of pocket

Income$1,928Out of Pocket$117Mortgage P&I$1,30167%Property Taxes$1558%Insurance$885%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,996

Downpayment

20%

$49,520

Closing costs

1%

$2,476

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,928

Total Expenses

$2,045

Mortgage P&I

67%

$1,301

Property Taxes

8%

$155

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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