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High Cap Rate Opportunity in Memphis
Memphis, TN 38125
High Cap Rate Opportunity in Memphis
Memphis, TN 38125
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size8,713
- Rentable Sq.Ft1,668
- $/Rentable Sq.Ft$66
- Monthly rent$1,675
- Safety deposit$1,675
- Estimated reserve$10,000
- Lease start2023-11-01
- Lease end2024-10-30
- HoaNo
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Opportunity to increase rental income through renovations
- Low going-in basis for both single family homes in a metro with a strong rental demand
- Accessibility to a growing employment base, ranked as one of the top metros in the U.S. for job creation over the last 10 years
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Memphis, 38125
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $20,100 | $21,105 | $22,160 | $24,432 | $31,182 |
| Vacancy | ($1,206) | ($1,266) | ($1,330) | ($1,466) | ($1,871) |
| Operating revenues | $18,894 | $19,839 | $20,830 | $22,966 | $29,311 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,357) | ($1,397) | ($1,439) | ($1,527) | ($1,770) |
| Utilities | ($152) | ($156) | ($161) | ($171) | ($198) |
| Leasing fee | ($523) | ($550) | ($577) | ($636) | ($812) |
| Property mgmt | ($1,512) | ($1,587) | ($1,666) | ($1,837) | ($2,345) |
| Real estate taxes | ($1,115) | ($1,590) | ($1,676) | ($1,778) | ($2,062) |
| Repairs maintenance | ($653) | ($1,372) | ($1,440) | ($1,588) | ($2,027) |
| Operating expenses | ($5,312) | ($6,652) | ($6,959) | ($7,537) | ($9,214) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $0 | $0 | $0 | $0 | $0 |
| Net operating income | $0 | $0 | $0 | $0 | $0 |
| Caprate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Share mgmt | ($1,111) | ($1,144) | ($1,179) | ($1,250) | ($1,450) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,111) | ($1,144) | ($1,179) | ($1,250) | ($1,450) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $0 | $0 | $0 | $0 | $0 |
| Cash yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Acquisition equity
| Down payment | ($110,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,100) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,675) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,416) | |||
| Total | ($132,191) | |||
Disposition proceeds
| Estimated sale price | $304,979 | |||
|---|---|---|---|---|
| Disposition fee | ($3,050) | |||
| Other disposition costs | ($6,100) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $295,830 | |||