Class A Renovated Property
Memphis, TN 38117
4bd • 2ba • Built: 1955
Free PM for 1 year!
| Estimated Square Feet | 1,595 | | Initial Market Value | $199,900 | | Purchase Price | $199,900 | | Downpayment | $49,975 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $5,997 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $55,972 | | Cost per Square Foot / per Bedroom | $125 / $49,975 | | Monthly Rent per SQFT / per Bedroom | $1.06 / $424 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,695 | $20,340 | | Vacancy Losses | ($136) | ($1,627) | | Operating Income | $1,559 | $18,713 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($183) | ($2,199) | | Insurance | ($67) | ($800) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($136) | ($1,627) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($385) | ($4,626) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,174 | $14,087 | | - Mortgage Payments | ($899) | ($10,787) | | = Cash Flow | $275 | $3,301 | | + Principal Reduction | $153 | $1,841 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $375 | $4,498 | | + First-Year Appreciation | $1,000 | $11,994 | | = Gross Equity Income | $1,803 | $21,633 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $149,925 | N/A | | Monthly Payment | $898.88 | 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 | 1.31 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 7.0% | | 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% |
*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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