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Modest Reno in Memphis
Memphis, TN 38109
Modest Reno in Memphis
Memphis, TN 38109
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size4,792
- Rentable Sq.Ft1,220
- $/Rentable Sq.Ft$82
- Monthly rent$1,250
- Safety deposit$1,250
- Estimated reserve$10,000
- Lease start2024-01-01
- Lease end2024-12-31
- 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, 38109
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 | $15,000 | $15,600 | $16,224 | $17,548 | $21,350 |
| Vacancy | ($900) | ($936) | ($973) | ($1,053) | ($1,281) |
| Operating revenues | $14,100 | $14,664 | $15,251 | $16,495 | $20,069 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,051) | ($1,082) | ($1,115) | ($1,183) | ($1,371) |
| Utilities | ($202) | ($208) | ($214) | ($227) | ($264) |
| Leasing fee | ($516) | ($536) | ($558) | ($603) | ($734) |
| Property mgmt | ($1,128) | ($1,173) | ($1,220) | ($1,320) | ($1,605) |
| Real estate taxes | ($1,411) | ($1,963) | ($2,066) | ($2,191) | ($2,540) |
| Repairs maintenance | ($600) | ($1,248) | ($1,298) | ($1,404) | ($1,708) |
| Operating expenses | ($4,908) | ($6,210) | ($6,471) | ($6,928) | ($8,222) |
| 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 | ($1,010) | ($1,040) | ($1,072) | ($1,137) | ($1,318) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,010) | ($1,040) | ($1,072) | ($1,137) | ($1,318) |
| 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 | ($100,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,000) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,250) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,613) | |||
| Total | ($121,863) | |||
Disposition proceeds
| Estimated sale price | $203,766 | |||
|---|---|---|---|---|
| Disposition fee | ($2,038) | |||
| Other disposition costs | ($4,075) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $197,653 | |||