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| Year Built |
2001 |
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| Sq Footage |
1,598 |
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| Bedrooms |
3 |
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| Bathrooms |
2 Partial |
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| Floors |
1 |
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| Parking |
1 |
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| Lot Size |
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| HOA/Maint |
|
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| Market value |
$105,000 |
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| Purchase price |
$84,000 |
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| Loan amount |
$63,000 |
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| Down payment |
$21,000 |
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| Built in equity |
$21,000 |
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| Rental Income |
$950 |
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| Vacancy (8%) |
$76 |
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| Property Management |
$87 |
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| Property Taxes |
$134 |
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| Insurance |
$42 |
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| Repairs |
$50 |
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| Net Monthly Income |
$561 |
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| Net Annual Income |
$6,726 |
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| Annual Debt Service |
(4,290) |
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| Cash flow after debt service |
2,436 |
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| Tax benefits |
733 |
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| Cash Flow ROI w/ 20 % down |
15.09% |
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| Total Increase in Wealth |
27,726 |
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| Return on Investment |
33%% |
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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 $950 PER MONTH
(8) POSITIVE CASH FLOW OF OVER $561 PER MONTH WITH CASH PURCHASE
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