Property Information

IN ESCROW
Renovated Memphis Home
Memphis, TN 38128
3 bedroom 1.5 bath turnkey property
Square Feet1,120
Initial Market Value$85,000
Purchase Price$85,000
Downpayment$21,250
Loan Origination Fees$638
Depreciable Closing Costs$4,250
Other Closing Costs and Fixup$0
Initial Cash Invested$26,138
Cost per Square Foot$76
Monthly Rent per Square Foot$0.73
IncomeMonthlyAnnual
Gross Rent$813$9,756
Vacancy Losses($49)($585)
Operating Income$764$9,171
ExpensesMonthlyAnnual
Property Taxes($79)($952)
Insurance($50)($604)
Management Fees($61)($734)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($49)($585)
Other$0$0
Operating Expenses($240)($2,875)
Net PerformanceMonthlyAnnual
Net Operating Income$525$6,296
- Mortgage Payments($314)($3,763)
= Cash Flow$211$2,533
+ Principal Reduction$90$1,075
+ First-Year Appreciation$425$5,100
= Gross Equity Income$726$8,708
+ Tax Savings$0$0
= GEI w/Tax Savings$726$8,708
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$63,750$0
Monthly Payment$313.61$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.250%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.67
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier105
Capitalization Rate7.4%
Cash on Cash Return10%
Total Return on Investment33%
Total ROI with Tax Savings33%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate6%
Management Fee8%
Maintenance Percentage6%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.