$104,900
721 e. Mcauley
West Memphis AR, 72301
Financial Returns
FinancingCash Flow/mo: $453
CashCash Flow/mo: $863
26.08%IRR
9.92%CAP Rate
15.10%Cash On Cash
$0Equity
Property Information
- Beds: 2
- Baths: 1
- Sq Feet: 846
- Year: 1962
- Monthly Rent: $995
- Property Taxes: $300
- Annual HOA: $0
Financial Projections
Debt (67k, 66k, 64k, 57k) Equity (37k, 39k, 41k, 47k) Appreciation (5k, 16k, 29k, 65k) Cash Positioning (5k, 17k, 30k, 70k)
Financing Assumptions
| Loan Amount | $68,273 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $409 |
Initial Investment
| Down Payment (32.1%) | $33,627 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,019 |
| Points (2%) | $1,365 |
| Total Out Of Pocket | $36,011 |
Property KPI Without Financing
| Annual Cash Flow | $10,350 |
| All In Cost | $104,284 |
| Cap Rate | 9.92% |
Property KPI With Financing
| Annual Cash Flow | $5,438 |
| Total Out Of Pocket | $36,011 |
| Cash On Cash | 15.1% |
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 | 11.55% | 11.55% | 11.55% | 11.55% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $995 | $11,940 | $12,667 | $13,439 | $15,579 |
| Vacancy Rate (2%) | $20 | $239 | $253 | $269 | $312 |
| Gross Rental Income | $975 | $11,701 | $12,414 | $13,170 | $15,267 |
| Expenses | |||||
| Estimated Annual Property Taxes | $25 | $300 | $318 | $338 | $391 |
| Estimated Annual Homeowners Insurance | $58 | $700 | $743 | $788 | $913 |
| Maintenance & Repairs (3%) | $29 | $351 | $372 | $395 | $458 |
| 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 | $113 | $1,351 | $1,433 | $1,521 | $1,763 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $863 | $10,350 | $10,980 | $11,649 | $13,505 |
| Net Cashflow | $10,350 | $10,980 | $11,649 | $13,505 | |
| Cap Rate | 9.92% | 10.53% | 11.17% | 12.95% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $863 | $10,350 | $10,980 | $11,649 | $13,505 |
| Mortgage | $409 | $4,912 | $4,912 | $4,912 | $4,912 |
| Net Cashflow | $5,438 | $6,069 | $6,737 | $8,593 | |
| Cash On Cash | 15.1% | 16.85% | 18.71% | 23.86% | |
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.