| |
|
|
|
| Year Built |
|
|
| Sq Footage |
1701 |
|
| Bedrooms |
3 |
|
| Bathrooms |
1 Partial |
|
| Floors |
|
|
| Parking |
2 |
|
| Lot Size |
6969 Sq. Feet |
|
| HOA/Maint |
|
|
| Market value |
$75,000 |
|
| Purchase price |
$60,000 |
|
| Loan amount |
$45,000 |
|
| Down payment |
$15,000 |
|
| Built in equity |
$15,000 |
|
| |
|
|
| Rental Income |
$750 |
|
| Vacancy (8%) |
$(60) |
|
| Property Management |
$(55) |
|
| Property Taxes |
$109 |
|
| Insurance |
$(42) |
|
|
| Repairs |
$(50) |
|
|
| Net Monthly Income |
$434 |
|
|
| Net Annual Income |
$5,212 |
|
|
| |
|
|
|
| Annual Debt Service |
(3,065) |
|
|
| Cash flow after debt service |
2,147 |
|
|
| Tax benefits |
524 |
|
|
| Cash Flow ROI w/ 20 % down |
17.80 |
|
|
| Total Increase in Wealth |
20,212 |
|
|
| Return on Investment |
34%% |
|
|
| |
|
|
|
Property has positive monthly cashflow, is located in Shelby County in Memphis TN. All of our properties come with our due diligence check mark:
(1) Great Renovation with guaranteed work
(2) Cash flow Analysis
(3) Neighborhood Analysis
(4) Fully Inspected
(5) Credit and background Check on Lease Option Tenant
(6) Managed by our IN-HOUSE Property Management (This is key to your success)
(7) PROPERTY WILL RENT FOR $750 PER MONTH
(8) POSITIVE CASH FLOW OF OVER $434 PER MONTH WITH CASH PURCHASE
|
| |
|
|
|
|
