$114,900
1149 Merchant St
Memphis TN, 38108
Financial Returns
FinancingCash Flow/mo: $429
CashCash Flow/mo: $891
23.78%IRR
9.09%CAP Rate
12.69%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 1,075
- Year: 1960
- Monthly Rent: $1,095
- Property Taxes: $1,000
- Annual HOA: $0
Financial Projections
Debt (76k, 74k, 72k, 64k) Equity (42k, 44k, 46k, 53k) Appreciation (6k, 18k, 32k, 74k) Cash Positioning (5k, 16k, 29k, 67k)
Financing Assumptions
| Loan Amount | $76,983 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $462 |
Initial Investment
| Down Payment (33%) | $37,917 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,149 |
| Points (2%) | $1,540 |
| Total Out Of Pocket | $40,606 |
Property KPI Without Financing
| Annual Cash Flow | $10,691 |
| All In Cost | $117,589 |
| Cap Rate | 9.09% |
Property KPI With Financing
| Annual Cash Flow | $5,152 |
| Total Out Of Pocket | $40,606 |
| Cash On Cash | 12.69% |
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 | 16.98% | 16.98% | 16.98% | 16.98% | |
| 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 (2%) | $22 | $263 | $279 | $296 | $343 |
| Gross Rental Income | $1,073 | $12,877 | $13,661 | $14,493 | $16,802 |
| Expenses | |||||
| Estimated Annual Property Taxes | $83 | $1,000 | $1,061 | $1,126 | $1,305 |
| Estimated Annual Homeowners Insurance | $67 | $800 | $849 | $900 | $1,044 |
| Maintenance & Repairs (3%) | $32 | $386 | $410 | $435 | $504 |
| 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 | $182 | $2,186 | $2,319 | $2,461 | $2,853 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $891 | $10,691 | $11,342 | $12,033 | $13,949 |
| Net Cashflow | $10,691 | $11,342 | $12,033 | $13,949 | |
| Cap Rate | 9.09% | 9.65% | 10.23% | 11.86% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $891 | $10,691 | $11,342 | $12,033 | $13,949 |
| Mortgage | $462 | $5,539 | $5,539 | $5,539 | $5,539 |
| Net Cashflow | $5,152 | $5,803 | $6,494 | $8,411 | |
| Cash On Cash | 12.69% | 14.29% | 15.99% | 20.71% | |
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.