$285,000
5850 Ragnar Dr
Hixson TN, 37343
Financial Returns
FinancingCash Flow/mo: $652
CashCash Flow/mo: $1,961
25.52%IRR
8.06%CAP Rate
10.77%Cash On Cash
$15,000Equity
Property Information
- Beds: 4
- Baths: 2.5
- Sq Feet: 1,915
- Year: 1966
- Monthly Rent: $2,325
- Property Taxes: $1,885
- Annual HOA: $0
Very nice property! Rehabbed and rented! 24 month lease!
Lease Term - 4/3/26 - 3/31/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 6%.
Financial Projections
Debt (211k, 206k, 199k, 180k) Equity (75k, 81k, 87k, 107k) Appreciation (15k, 48k, 84k, 192k) Cash Positioning (8k, 26k, 46k, 113k)
Financing Assumptions
| Loan Amount | $213,750 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.2% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,309 |
Initial Investment
| Down Payment (25%) | $71,250 |
| Credit From Seller | -$5,700 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,850 |
| Points (2%) | $4,275 |
| Total Out Of Pocket | $72,675 |
Property KPI Without Financing
| Annual Cash Flow | $23,537 |
| All In Cost | $292,125 |
| Cap Rate | 8.06% |
Property KPI With Financing
| Annual Cash Flow | $7,827 |
| Total Out Of Pocket | $72,675 |
| Cash On Cash | 10.77% |
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 | 13.92% | 13.92% | 13.92% | 13.92% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,325 | $27,900 | $29,599 | $31,402 | $36,403 |
| Vacancy Rate (2%) | $47 | $558 | $592 | $628 | $728 |
| Gross Rental Income | $2,279 | $27,342 | $29,007 | $30,774 | $35,675 |
| Expenses | |||||
| Estimated Annual Property Taxes | $157 | $1,885 | $2,000 | $2,122 | $2,459 |
| Estimated Annual Homeowners Insurance | $92 | $1,100 | $1,167 | $1,238 | $1,435 |
| Maintenance & Repairs (3%) | $68 | $820 | $870 | $923 | $1,070 |
| 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 | $317 | $3,805 | $4,037 | $4,283 | $4,965 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,961 | $23,537 | $24,970 | $26,491 | $30,710 |
| Net Cashflow | $23,537 | $24,970 | $26,491 | $30,710 | |
| Cap Rate | 8.06% | 8.55% | 9.07% | 10.51% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,961 | $23,537 | $24,970 | $26,491 | $30,710 |
| Mortgage | $1,309 | $15,710 | $15,710 | $15,710 | $15,710 |
| Net Cashflow | $7,827 | $9,260 | $10,781 | $15,000 | |
| Cash On Cash | 10.77% | 12.74% | 14.83% | 20.64% | |
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.