$349,800
204 Tupelo Ct
Chattanooga TN, 37406
Financial Returns
FinancingCash Flow/mo: $1,010
CashCash Flow/mo: $2,583
26.21%IRR
8.65%CAP Rate
12.60%Cash On Cash
$15,200Equity
Property Information
- Beds: 5
- Baths: 3
- Sq Feet: 1,725
- Year: 1975
- Monthly Rent: $2,900
- Property Taxes: $783
- Annual HOA: $0
COMING SOON! Fully rehabbed and will be rented. Photos coming soon... Will be partitioned the top and bottom so bottom unit has a kitchen and 2 bed 1 bath and upstairs has 3 bed 2 bath, 2 laundry rooms, 2 car garage on a culdesac quite street with a view!!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $100 fee per month!
Financial Projections
Debt (259k, 252k, 244k, 220k) Equity (99k, 106k, 114k, 139k) Appreciation (18k, 58k, 102k, 234k) Cash Positioning (12k, 39k, 70k, 167k)
Financing Assumptions
| Loan Amount | $262,350 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,573 |
Initial Investment
| Down Payment (25%) | $87,450 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $3,498 |
| Points (2%) | $5,247 |
| Total Out Of Pocket | $96,195 |
Property KPI Without Financing
| Annual Cash Flow | $30,998 |
| All In Cost | $358,545 |
| Cap Rate | 8.65% |
Property KPI With Financing
| Annual Cash Flow | $12,123 |
| Total Out Of Pocket | $96,195 |
| Cash On Cash | 12.6% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 9.11% | 9.11% | 9.11% | 9.11% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,900 | $34,800 | $36,919 | $39,168 | $45,406 |
| Vacancy Rate (2%) | $58 | $696 | $738 | $783 | $908 |
| Gross Rental Income | $2,842 | $34,104 | $36,181 | $38,384 | $44,498 |
| Expenses | |||||
| Estimated Annual Property Taxes | $65 | $783 | $831 | $881 | $1,022 |
| Estimated Annual Homeowners Insurance | $108 | $1,300 | $1,379 | $1,463 | $1,696 |
| Maintenance & Repairs (3%) | $85 | $1,023 | $1,085 | $1,152 | $1,335 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $259 | $3,106 | $3,295 | $3,496 | $4,053 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,583 | $30,998 | $32,886 | $34,888 | $40,445 |
| Net Cashflow | $30,998 | $32,886 | $34,888 | $40,445 | |
| Cap Rate | 8.65% | 9.17% | 9.73% | 11.28% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,583 | $30,998 | $32,886 | $34,888 | $40,445 |
| Mortgage | $1,573 | $18,875 | $18,875 | $18,875 | $18,875 |
| Net Cashflow | $12,123 | $14,011 | $16,013 | $21,570 | |
| Cash On Cash | 12.6% | 14.56% | 16.65% | 22.42% | |
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.