$118,900
332 Flynn Rd Fl Ynn
Memphis TN, 38109
Financial Returns
FinancingCash Flow/mo: $314
CashCash Flow/mo: $919
24.42%IRR
9.01%CAP Rate
11.32%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 888
- Year: 1954
- Monthly Rent: $1,095
- Property Taxes: $750
- Annual HOA: $0
Financial Projections
Debt (88k, 86k, 84k, 77k) Equity (34k, 36k, 38k, 46k) Appreciation (6k, 19k, 33k, 76k) Cash Positioning (4k, 12k, 22k, 54k)
Financing Assumptions
| Loan Amount | $89,175 |
| Financed Rehab Amount | $0 |
| Interest Rate | 7.2% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $605 |
Initial Investment
| Down Payment (25%) | $29,725 |
| Rehab Amount | $0 |
| Est Closing Cost (3%) | $3,567 |
| Points (0%) | $0 |
| Total Out Of Pocket | $33,292 |
Property KPI Without Financing
| Annual Cash Flow | $11,033 |
| All In Cost | $122,467 |
| Cap Rate | 9.01% |
Property KPI With Financing
| Annual Cash Flow | $3,769 |
| Total Out Of Pocket | $33,292 |
| Cash On Cash | 11.32% |
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 | 11.62% | 11.62% | 11.62% | 11.62% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,095 | $13,140 | $13,940 | $14,789 | $17,145 |
| Vacancy Rate (5%) | $55 | $657 | $697 | $739 | $857 |
| Gross Rental Income | $1,040 | $12,483 | $13,243 | $14,050 | $16,287 |
| Expenses | |||||
| Estimated Annual Property Taxes | $63 | $750 | $796 | $844 | $979 |
| Estimated Annual Homeowners Insurance | $58 | $700 | $743 | $788 | $913 |
| Maintenance & Repairs (%) | $0 | $0 | $0 | $0 | $0 |
| 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 | $121 | $1,450 | $1,538 | $1,632 | $1,892 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $919 | $11,033 | $11,705 | $12,418 | $14,396 |
| Net Cashflow | $11,033 | $11,705 | $12,418 | $14,396 | |
| Cap Rate | 9.01% | 9.56% | 10.14% | 11.75% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $919 | $11,033 | $11,705 | $12,418 | $14,396 |
| Mortgage | $605 | $7,264 | $7,264 | $7,264 | $7,264 |
| Net Cashflow | $3,769 | $4,441 | $5,154 | $7,132 | |
| Cash On Cash | 11.32% | 13.34% | 15.48% | 21.42% | |
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.