Currently Occupied Through Sept 2026
Cordova, TN 38016
2bd • 2ba • Built: 1993
Seller paying 2 points + 1 year free PM
| Estimated Square Feet | 1,102 | | Initial Market Value | $150,000 | | Purchase Price | $150,000 | | Downpayment | $37,500 | | Loan Origination Fees | $2,250 | | Depreciable Closing Costs | $6,000 | | Other Costs and Fixup | $6,000 | | Approximate Cash Invested | $51,750 | | Cost per Square Foot / per Bedroom | $136 / $75,000 | | Monthly Rent per SQFT / per Bedroom | $1.18 / $648 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,295 | $15,540 | | Vacancy Losses | ($104) | ($1,243) | | Operating Income | $1,191 | $14,297 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($138) | ($1,650) | | Insurance | ($75) | ($900) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($39) | ($468) | | Maintenance | ($78) | ($932) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($329) | ($3,950) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $862 | $10,346 | | - Mortgage Payments | ($586) | ($7,031) | | = Cash Flow | $276 | $3,315 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $281 | $3,375 | | + First-Year Appreciation | $750 | $9,000 | | = Gross Equity Income | $1,308 | $15,690 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $112,500 | N/A | | Monthly Payment | $585.94 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.250% / 3.250% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.9% | | Debt Coverage Ratio | 1.47 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 6.9% | | Cash on Cash Return | 6% | | Return on Investment | 24% | | Return on Investment with IIDD | 30% | | + 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 | 6% |
| Comments |
|---|
| Tenant lease renews 9/30/26. Seller to pay 2 points towards closing costs for 6.25% interest only terms*. |
*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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