Nice Cash Flow Property
Memphis, TN 38141
3 bdrm/ 1.5 bath - Built 1965
Square Feet | 1,745 | 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 |
Income | Monthly | Annual |
---|
Gross Rent | $950 | $11,400 | Vacancy Losses | ($76) | ($912) | Operating Income | $874 | $10,488 |
Expenses | Monthly | Annual |
---|
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 Performance | Monthly | Annual |
---|
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 Info | First | Second |
---|
Loan-to-Value Ratio | 80% | 0% | Loan Amount | $68,000 | $0 | Monthly Payment | $365.04 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 5.000% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
---|
Debt Coverage Ratio | 1.58 | Annual Gross Rent Multiplier | 7 | Monthly Gross Rent Multiplier | 89 | Capitalization Rate | 8.1% | Cash on Cash Return | 12% | Total Return on Investment | 41% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
---|
Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 8% |
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.
|