Leased at 1200 per Month
Memphis, TN 38141
3bd • 2ba • Built: 1988 • Remodeled: 2021
1st Year Management Free
| Estimated Square Feet | 1,558 | | Initial Market Value | $129,900 | | Purchase Price | $129,900 | | Downpayment | $32,475 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $3,897 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $36,372 | | Cost per Square Foot / per Bedroom | $83 / $43,300 | | Monthly Rent per SQFT / per Bedroom | $0.77 / $400 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,200 | $14,400 | | Vacancy Losses | ($96) | ($1,152) | | Operating Income | $1,104 | $13,248 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($204) | ($2,442) | | Insurance | ($70) | ($844) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($96) | ($1,152) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($370) | ($4,438) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $734 | $8,810 | | - Mortgage Payments | ($584) | ($7,009) | | = Cash Flow | $150 | $1,800 | | + Principal Reduction | $100 | $1,196 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $244 | $2,923 | | + First-Year Appreciation | $650 | $7,794 | | = Gross Equity Income | $1,143 | $13,713 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $97,425 | N/A | | Monthly Payment | $584.11 | 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™) | 0.9% | | Debt Coverage Ratio | 1.26 | | Annual Gross Rent Multiplier | 9 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 5% | | Return on Investment | 30% | | Return on Investment with IIDD | 38% | | + 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 |
|---|
| Renovated in 2021. Tenant occupied. |
*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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