Cash Flow Property
Memphis, TN 38116
4bd • 2ba • Built: 1966
Property Management Included for 1 Year
| Estimated Square Feet | 2,125 | | Initial Market Value | $164,900 | | Purchase Price | $164,900 | | Downpayment | $41,225 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $4,947 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $46,172 | | Cost per Square Foot / per Bedroom | $78 / $41,225 | | Monthly Rent per SQFT / per Bedroom | $0.66 / $349 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,395 | $16,740 | | Vacancy Losses | ($112) | ($1,339) | | Operating Income | $1,283 | $15,401 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($124) | ($1,484) | | Insurance | ($69) | ($825) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($112) | ($1,339) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($304) | ($3,648) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $979 | $11,753 | | - Mortgage Payments | ($741) | ($8,898) | | = Cash Flow | $238 | $2,855 | | + Principal Reduction | $127 | $1,519 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $309 | $3,710 | | + First-Year Appreciation | $825 | $9,894 | | = Gross Equity Income | $1,498 | $17,978 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $123,675 | N/A | | Monthly Payment | $741.49 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.000% / 3.000% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.8% | | Debt Coverage Ratio | 1.32 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 7.1% | | Cash on Cash Return | 6% | | Return on Investment | 31% | | Return on Investment with IIDD | 39% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 8% |
| Comments |
|---|
| Rehab: Updated roof, updated HVAC, updated hot water tank, updated to breaker panel, all sheetrock replace/repaired, new paint, bathrooms & kitchen full remodeled & more! |
*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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