Browse Properties
3668 Barberry St
Memphis, TN 38128
3668 Barberry St
Memphis, TN 38128
9.0%
Year 1 Cap Rate$159,909
10 yr cash flow11.21%
10 yr IRRDetails
- Lot size9,149
- Rentable Sq.Ft1,104
- $/Rentable Sq.Ft$86
- Monthly rent$1,100
- Safety deposit$1,100
- Estimated reserve$10,000
- Lease start2024-06-01
- Lease end2025-05-31
- HOANo
- Flood zoneNo
FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Off-market opportunities being sold at a discount
- Opportunity to increase rental income through renovations and unlock equity
- Low going-in basis for both single family homes in a metro with a strong rental demand
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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 | $13,200 | $13,728 | $14,277 | $15,442 | $18,788 |
| Vacancy & Collection Loss | ($792) | ($824) | ($857) | ($927) | ($1,127) |
| Operating revenues | $12,408 | $12,904 | $13,420 | $14,515 | $17,661 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,058) | ($1,090) | ($1,123) | ($1,191) | ($1,381) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($454) | ($472) | ($491) | ($531) | ($646) |
| Property management | ($993) | ($1,032) | ($1,074) | ($1,161) | ($1,413) |
| Real estate taxes | ($1,440) | ($1,479) | ($1,524) | ($1,616) | ($1,874) |
| Repairs and maintenance | ($396) | ($824) | ($857) | ($927) | ($1,127) |
| Operating expenses | ($4,341) | ($4,897) | ($5,069) | ($5,426) | ($6,441) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $12,408 | $12,904 | $13,420 | $14,515 | $17,661 |
| Operating expenses | ($4,341) | ($4,897) | ($5,069) | ($5,426) | ($6,441) |
| Net Operating Income | $8,067 | $8,007 | $8,351 | $9,089 | $11,220 |
| Cap Rate | 9.0% | 8.9% | 9.3% | 10.1% | 12.5% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($960) | ($988) | ($1,018) | ($1,080) | ($1,252) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($960) | ($988) | ($1,018) | ($1,080) | ($1,252) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $7,107 | $7,019 | $7,333 | $8,009 | $9,968 |
| Cash yield | 6.3% | 6.3% | 6.5% | 7.1% | 8.9% |
Acquisition Equity
| Down payment | ($90,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,350) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($500) | |||
| Leasing Fee | ($1,925) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($822) | |||
| Total | ($112,097) | |||
Disposition Proceeds
| Estimated sale price | $194,964 | |||
|---|---|---|---|---|
| Disposition fee | ($1,950) | |||
| Other disposition costs | ($3,899) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $189,115 | |||
