$233,200
1104 Queens Dr
Chattanooga TN, 37406
Financial Returns
FinancingCash Flow/mo: $511
CashCash Flow/mo: $1,546
23.99%IRR
7.76%CAP Rate
9.56%Cash On Cash
$16,800Equity
Property Information
- Beds: 3
- Baths: 2
- Sq Feet: 1,536
- Year: 1951
- Monthly Rent: $1,775
- Property Taxes: $600
- Annual HOA: $0
Near downtown Chattanooga in a great spot. This one has some built in equity from day one!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!
Financial Projections
Debt (173k, 168k, 162k, 146k) Equity (66k, 71k, 77k, 93k) Appreciation (13k, 40k, 70k, 160k) Cash Positioning (6k, 20k, 36k, 88k)
Financing Assumptions
| Loan Amount | $174,900 |
| Financed Rehab Amount | $0 |
| Interest Rate | 5.875% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,035 |
Initial Investment
| Down Payment (25%) | $58,300 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,332 |
| Points (2%) | $3,498 |
| Total Out Of Pocket | $64,130 |
Property KPI Without Financing
| Annual Cash Flow | $18,548 |
| All In Cost | $239,030 |
| Cap Rate | 7.76% |
Property KPI With Financing
| Annual Cash Flow | $6,133 |
| Total Out Of Pocket | $64,130 |
| Cash On Cash | 9.56% |
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 | 11.14% | 11.14% | 11.14% | 11.14% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,775 | $21,300 | $22,597 | $23,973 | $27,792 |
| Vacancy Rate (2%) | $36 | $426 | $452 | $479 | $556 |
| Gross Rental Income | $1,740 | $20,874 | $22,145 | $23,494 | $27,236 |
| Expenses | |||||
| Estimated Annual Property Taxes | $50 | $600 | $637 | $675 | $783 |
| Estimated Annual Homeowners Insurance | $92 | $1,100 | $1,167 | $1,238 | $1,435 |
| Maintenance & Repairs (3%) | $52 | $626 | $664 | $705 | $817 |
| 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 | $194 | $2,326 | $2,468 | $2,618 | $3,035 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,546 | $18,548 | $19,677 | $20,876 | $24,201 |
| Net Cashflow | $18,548 | $19,677 | $20,876 | $24,201 | |
| Cap Rate | 7.76% | 8.23% | 8.73% | 10.12% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,546 | $18,548 | $19,677 | $20,876 | $24,201 |
| Mortgage | $1,035 | $12,415 | $12,415 | $12,415 | $12,415 |
| Net Cashflow | $6,133 | $7,262 | $8,460 | $11,785 | |
| Cash On Cash | 9.56% | 11.32% | 13.19% | 18.38% | |
Property Photos
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.