Newly Renovated
Memphis, TN 38111
3bd • 1.5ba • Built: 1954 • Remodeled: 2025
Turnkey Ready and remodeled
| Estimated Square Feet | 916 | | Initial Market Value | $139,900 | | Purchase Price | $139,900 | | Downpayment | $34,975 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $4,197 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $39,172 | | Cost per Square Foot / per Bedroom | $153 / $46,633 | | Monthly Rent per SQFT / per Bedroom | $1.26 / $383 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,150 | $13,800 | | Vacancy Losses | ($92) | ($1,104) | | Operating Income | $1,058 | $12,696 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($54) | ($644) | | Insurance | ($71) | ($853) | | Management Fees | ($85) | ($1,016) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($92) | ($1,104) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($301) | ($3,617) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $757 | $9,079 | | - Mortgage Payments | ($629) | ($7,549) | | = Cash Flow | $128 | $1,530 | | + Principal Reduction | $107 | $1,289 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $262 | $3,148 | | + First-Year Appreciation | $700 | $8,394 | | = Gross Equity Income | $1,197 | $14,361 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $104,925 | N/A | | Monthly Payment | $629.08 | 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 | 1.20 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 6.5% | | Cash on Cash Return | 4% | | Return on Investment | 29% | | Return on Investment with IIDD | 37% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 8% |
| Comments |
|---|
| Beautifully updated 3 bed home. 1.5 Bathroom. Fully updated interior, st. st. appliances. Granite in kitchen and newly remodeled bathrooms. |
*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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