Property Information

IN ESCROW
Nice Cash Flow Property
Memphis, TN 38141
3 bdrm/ 1.5 bath - Built 1965
Square Feet1,745
Initial Market Value$85,000
Purchase Price$85,000
Downpayment$17,000
Loan Origination Fees$680
Depreciable Closing Costs$3,400
Other Closing Costs and Fixup$0
Initial Cash Invested$21,080
Cost per Square Foot$49
Monthly Rent per Square Foot$0.54
IncomeMonthlyAnnual
Gross Rent$950$11,400
Vacancy Losses($76)($912)
Operating Income$874$10,488
ExpensesMonthlyAnnual
Property Taxes($103)($1,233)
Insurance($50)($595)
Management Fees($70)($839)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($76)($912)
Other$0$0
Operating Expenses($298)($3,579)
Net PerformanceMonthlyAnnual
Net Operating Income$576$6,909
- Mortgage Payments($365)($4,380)
= Cash Flow$211$2,529
+ Principal Reduction$84$1,003
+ First-Year Appreciation$425$5,100
= Gross Equity Income$719$8,632
+ Tax Savings$0$0
= GEI w/Tax Savings$719$8,632
Mortgage InfoFirstSecond
Loan-to-Value Ratio80%0%
Loan Amount$68,000$0
Monthly Payment$365.04$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.58
Annual Gross Rent Multiplier7
Monthly Gross Rent Multiplier89
Capitalization Rate8.1%
Cash on Cash Return12%
Total Return on Investment41%
Total ROI with Tax Savings41%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Tenant in place at $950
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.