Portfolio of 7 Properties
Memphis, TN 38128
All units occupied!
Square Feet | 10,000 | Initial Market Value | $675,000 | Purchase Price | $675,000 | Downpayment | $168,750 | Loan Origination Fees | $11,391 | Depreciable Closing Costs | $20,250 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $200,391 | Cost per Square Foot | $68 | Monthly Rent per Square Foot | $0.65 |
Income | Monthly | Annual |
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Gross Rent | $6,500 | $78,000 | Vacancy Losses | ($520) | ($6,240) | Operating Income | $5,980 | $71,760 |
Expenses | Monthly | Annual |
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Property Taxes | ($478) | ($5,738) | Insurance | ($422) | ($5,063) | Management Fees | ($478) | ($5,741) | Leasing/Advertising Fees | $0 | $0 | Association Fees | $0 | $0 | Maintenance | ($325) | ($3,900) | Other | $0 | $0 | Operating Expenses | ($1,703) | ($20,441) |
Net Performance | Monthly | Annual |
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Net Operating Income | $4,277 | $51,319 | - Mortgage Payments | ($3,365) | ($40,376) | = Cash Flow | $912 | $10,943 | + Principal Reduction | $429 | $5,152 | + First-Year Appreciation | $3,375 | $40,500 | = Gross Equity Income | $4,716 | $56,595 | + Tax Savings | $122 | $1,467 | = GEI w/Tax Savings | $4,839 | $58,062 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $506,250 | $0 | Monthly Payment | $3,364.69 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.27 | Annual Gross Rent Multiplier | 9 | Monthly Gross Rent Multiplier | 104 | Capitalization Rate | 7.6% | Cash on Cash Return | 5% | Total Return on Investment | 28% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 5% |
Comments |
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All properties are located in Shelby County.
(x4) - 3 bdrm / 1 bath
(x2) - 2 bdrm/ 1 bath
(x1) - 3 bdrm/ 1.5 bath | *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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