Client Resell
Memphis, TN 38128
3 bdrm/ 2 bath - Built 2001
| Square Feet | 1,232 | | Initial Market Value | $160,000 | | Purchase Price | $160,000 | | Downpayment | $40,000 | | Loan Origination Fees | $2,400 | | Depreciable Closing Costs | $3,200 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $45,600 | | Cost per Square Foot | $130 | | Monthly Rent per Square Foot | $1.10 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,350 | $16,200 | | Vacancy Losses | ($108) | ($1,296) | | Operating Income | $1,242 | $14,904 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($93) | ($1,120) | | Insurance | ($53) | ($640) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($68) | ($810) | | Other | $0 | $0 | | Operating Expenses | ($214) | ($2,570) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,028 | $12,334 | | - Mortgage Payments | ($768) | ($9,220) | | = Cash Flow | $259 | $3,114 | | + Principal Reduction | $109 | $1,310 | | + First-Year Appreciation | $800 | $9,600 | | = Gross Equity Income | $1,169 | $14,023 | | + Tax Savings | $10 | $119 | | = GEI w/Tax Savings | $1,179 | $14,143 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $120,000 | $0 | | Monthly Payment | $768.37 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.625% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.34 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 119 | | Capitalization Rate | 7.7% | | Cash on Cash Return | 7% | | Total Return on Investment | 31% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 5% |
| Comments |
|---|
Just rehabbed!
Free Property Management for 1 Year!
Financing based on 6.625% with 3.375 points |
*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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