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Equity Opportunity in Memphis
Memphis, TN 38128
Equity Opportunity in Memphis
Memphis, TN 38128
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size4,792
- Rentable Sq.Ft1,600
- $/Rentable Sq.Ft$75
- Monthly rent$1,645
- Safety deposit$1,645
- 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 value and 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, 38128
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $19,740 | $20,727 | $21,763 | $23,994 | $30,623 |
| Vacancy | ($1,184) | ($1,244) | ($1,306) | ($1,440) | ($1,837) |
| Operating revenues | $18,556 | $19,483 | $20,457 | $22,554 | $28,786 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,308) | ($1,348) | ($1,388) | ($1,473) | ($1,707) |
| Utilities | ($152) | ($156) | ($161) | ($171) | ($198) |
| Leasing fee | ($514) | ($540) | ($567) | ($625) | ($797) |
| Property mgmt | ($1,484) | ($1,559) | ($1,637) | ($1,804) | ($2,303) |
| Real estate taxes | ($888) | ($1,549) | ($1,720) | ($1,825) | ($2,115) |
| Repairs maintenance | ($642) | ($1,347) | ($1,415) | ($1,560) | ($1,991) |
| Operating expenses | ($4,988) | ($6,499) | ($6,888) | ($7,458) | ($9,111) |
| 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 | ($1,212) | ($1,248) | ($1,286) | ($1,364) | ($1,581) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,212) | ($1,248) | ($1,286) | ($1,364) | ($1,581) |
| 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 | ($120,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,200) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,645) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,325) | |||
| Total | ($142,170) | |||
Disposition proceeds
| Estimated sale price | $350,598 | |||
|---|---|---|---|---|
| Disposition fee | ($3,506) | |||
| Other disposition costs | ($7,012) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $340,080 | |||