$118,900
4277 Falcon Cove
Memphis TN, 38109
Financial Returns
FinancingCash Flow/mo: $297
CashCash Flow/mo: $903
24.60%IRR
8.93%CAP Rate
11.12%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 900
- Year: 1965
- Monthly Rent: $1,095
- Property Taxes: $951
- Annual HOA: $0
Financial Projections
Debt (88k, 86k, 84k, 77k) Equity (33k, 35k, 37k, 44k) Appreciation (6k, 19k, 33k, 76k) Cash Positioning (4k, 12k, 21k, 52k)
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 (2%) | $2,378 |
| Points (0%) | $0 |
| Total Out Of Pocket | $32,103 |
Property KPI Without Financing
| Annual Cash Flow | $10,832 |
| All In Cost | $121,278 |
| Cap Rate | 8.93% |
Property KPI With Financing
| Annual Cash Flow | $3,568 |
| Total Out Of Pocket | $32,103 |
| Cash On Cash | 11.12% |
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 | 13.23% | 13.23% | 13.23% | 13.23% | |
| 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 | $79 | $951 | $1,009 | $1,070 | $1,241 |
| 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 | $138 | $1,651 | $1,752 | $1,858 | $2,154 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $903 | $10,832 | $11,492 | $12,192 | $14,133 |
| Net Cashflow | $10,832 | $11,492 | $12,192 | $14,133 | |
| Cap Rate | 8.93% | 9.48% | 10.05% | 11.65% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $903 | $10,832 | $11,492 | $12,192 | $14,133 |
| Mortgage | $605 | $7,264 | $7,264 | $7,264 | $7,264 |
| Net Cashflow | $3,568 | $4,228 | $4,928 | $6,870 | |
| Cash On Cash | 11.12% | 13.17% | 15.35% | 21.4% | |
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.