Brick property!
Memphis, TN 38114
3bd • 1ba • Built: 1950
Brick - Corner lot
| Estimated Square Feet | 1,000 | | Initial Market Value | $114,900 | | Purchase Price | $114,900 | | Downpayment | $28,725 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $0 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $28,725 | | Cost per Square Foot / per Bedroom | $115 / $38,300 | | Monthly Rent per SQFT / per Bedroom | $1.10 / $365 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,095 | $13,140 | | Vacancy Losses | ($88) | ($1,051) | | Operating Income | $1,007 | $12,089 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($67) | ($804) | | Insurance | ($48) | ($575) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($88) | ($1,051) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($203) | ($2,430) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $805 | $9,659 | | - Mortgage Payments | ($517) | ($6,200) | | = Cash Flow | $288 | $3,459 | | + Principal Reduction | $88 | $1,058 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $215 | $2,585 | | + First-Year Appreciation | $0 | $0 | | = Gross Equity Income | $592 | $7,102 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $86,175 | N/A | | Monthly Payment | $516.66 | 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™) | 1.0% | | Debt Coverage Ratio | 1.56 | | Annual Gross Rent Multiplier | 9 | | Capitalization Rate | 8.4% | | Cash on Cash Return | 12% | | Return on Investment | 16% | | Return on Investment with IIDD | 25% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 0% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 8% |
| Comments |
|---|
| Free PM for 1 Year |
*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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