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 |
|---|
| Gross Rent | $6,500 | $78,000 | | Vacancy Losses | ($520) | ($6,240) | | Operating Income | $5,980 | $71,760 |
| Expenses | Monthly | Annual |
|---|
| 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 |
|---|
| 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 |
|---|
| 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 | |
|---|
| 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 | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 5% |
| Comments |
|---|
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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