REI Lense

REI Lense

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$2,049 (target)

980 Mirror Lake Ln, Cordova, TN 38018

3 beds • 2 baths • 2043 sqft

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This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $63,840 initial cash invested.

-7.22%

Cash On Cash

5.08%

Cap Rate

0.82

DSCR

$2,049

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,049 income − $2,433 expenses = $384 out of pocket

Income$2,049Out of Pocket$384Mortgage P&I$1,56977%Property Taxes$1688%Insurance$1085%HOA$563%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,840

Downpayment

20%

$60,800

Closing costs

1%

$3,040

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,049

Total Expenses

$2,433

Mortgage P&I

77%

$1,569

Property Taxes

8%

$168

Home Insurance

5%

$108

HOA

3%

$56

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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