Free PM for 1 year!
Memphis, TN 38127
3 bdrm/ 1 bath - Built in 1973
| Square Feet | 1,000 | | Purchase Price | $117,900 | | Initial Market Value | $117,900 | | Downpayment | $29,475 | | Closing Costs | $2,343 | | Initial Cash Invested | $31,818 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,200 | $14,400 | | Vacancy Losses | $96 | $1,152 | | Operating Income | $1,104 | $13,248 | | Operating Expenses | $204 | $2,449 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $900 | $10,799 | | - Mortgage Payments | $588 | $7,052 | | = Cash Flow | $312 | $3,747 | | + Principal Reduction | $75 | $900 | | + First-Year Appreciation | $590 | $7,074 | | = Gross Equity Income | $977 | $11,721 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 9.2% | | Cash on Cash Return | 12% | | Total Return on Investment | 37% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% |
| Comments |
|---|
| New roof, fully renovated kitchen & bath, updated hvac, new flooring though out, new hwt, new paint, Passed Memphis City electrical & gas Inspc. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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