Corner Lot Brick property!
Memphis, TN 38127
3 bdrm/ 1 bath
| Square Feet | 1,125 | | Initial Market Value | $114,900 | | Purchase Price | $114,900 | | Downpayment | $28,725 | | Loan Origination Fees | $1,724 | | Depreciable Closing Costs | $3,447 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $33,896 | | Cost per Square Foot | $102 | | Monthly Rent per Square Foot | $1.07 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,200 | $14,400 | | Vacancy Losses | ($96) | ($1,152) | | Operating Income | $1,104 | $13,248 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($62) | ($747) | | Insurance | ($38) | ($460) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($96) | ($1,152) | | Other | $0 | $0 | | Operating Expenses | ($197) | ($2,358) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $907 | $10,890 | | - Mortgage Payments | ($552) | ($6,621) | | = Cash Flow | $356 | $4,268 | | + Principal Reduction | $78 | $941 | | + First-Year Appreciation | $575 | $6,894 | | = Gross Equity Income | $1,009 | $12,103 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $1,009 | $12,103 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $86,175 | $0 | | Monthly Payment | $551.79 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.625% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.64 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 96 | | Capitalization Rate | 9.5% | | Cash on Cash Return | 13% | | Total Return on Investment | 36% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 8% |
| Comments |
|---|
New roof, updated HVAC, refinished hardwoods, updated Kitchen & Bath, detached garage.
Free PM for 1 year! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|
