$209,900
1821 Dale Lavern Rd
Memphis TN, 38116
Financial Returns
FinancingCash Flow/mo: $387
CashCash Flow/mo: $1,357
22.74%IRR
7.68%CAP Rate
8.52%Cash On Cash
$0Equity
Property Information
- Beds: 5
- Baths: 2
- Sq Feet: 1,701
- Year: 1959
- Monthly Rent: $1,595
- Property Taxes: $1,476
- Annual HOA: $0
Financial Projections
Debt (156k, 152k, 147k, 133k) Equity (56k, 60k, 65k, 79k) Appreciation (11k, 34k, 59k, 134k) Cash Positioning (5k, 15k, 28k, 70k)
Financing Assumptions
| Loan Amount | $157,425 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.25% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $969 |
Initial Investment
| Down Payment (25%) | $52,475 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,099 |
| Points (0%) | $0 |
| Total Out Of Pocket | $54,574 |
Property KPI Without Financing
| Annual Cash Flow | $16,281 |
| All In Cost | $211,999 |
| Cap Rate | 7.68% |
Property KPI With Financing
| Annual Cash Flow | $4,650 |
| Total Out Of Pocket | $54,574 |
| Cash On Cash | 8.52% |
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 | 13.2% | 13.2% | 13.2% | 13.2% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,595 | $19,140 | $20,306 | $21,542 | $24,973 |
| Vacancy Rate (2%) | $32 | $383 | $406 | $431 | $499 |
| Gross Rental Income | $1,563 | $18,757 | $19,900 | $21,111 | $24,474 |
| Expenses | |||||
| Estimated Annual Property Taxes | $123 | $1,476 | $1,566 | $1,661 | $1,926 |
| Estimated Annual Homeowners Insurance | $83 | $1,000 | $1,061 | $1,126 | $1,305 |
| 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 | $206 | $2,476 | $2,627 | $2,787 | $3,231 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,357 | $16,281 | $17,273 | $18,325 | $21,243 |
| Net Cashflow | $16,281 | $17,273 | $18,325 | $21,243 | |
| Cap Rate | 7.68% | 8.15% | 8.64% | 10.02% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,357 | $16,281 | $17,273 | $18,325 | $21,243 |
| Mortgage | $969 | $11,632 | $11,632 | $11,632 | $11,632 |
| Net Cashflow | $4,650 | $5,641 | $6,693 | $9,612 | |
| Cash On Cash | 8.52% | 10.34% | 12.26% | 17.61% | |
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.