Browse Properties
Off-Market Deal in Memphis
Memphis, TN 38128
Off-Market Deal in Memphis
Memphis, TN 38128
6.9%
Year 1 Cap Rate$146,912
10 yr cash flow9.12%
10 yr IRRDetails
- Lot size8,712
- Rentable Sq.Ft1,222
- $/Rentable Sq.Ft$74
- Monthly rent$1,100
- Safety deposit$1,100
- Estimated reserve$10,000
- Lease start2024-06-01
- Lease end2025-05-31
- HOANo
- Flood zoneNo
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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 | ($1,315) | ($1,355) | ($1,395) | ($1,480) | ($1,716) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($220) | ($229) | ($238) | ($257) | ($313) |
| Property management | ($620) | ($645) | ($671) | ($726) | ($883) |
| Real estate taxes | ($1,585) | ($1,791) | ($1,845) | ($1,957) | ($2,269) |
| Repairs and maintenance | ($1,050) | ($1,098) | ($1,142) | ($1,235) | ($1,503) |
| Operating expenses | ($4,790) | ($5,118) | ($5,291) | ($5,655) | ($6,684) |
| 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 | ($4,790) | ($5,118) | ($5,291) | ($5,655) | ($6,684) |
| Net Operating Income | $7,618 | $7,786 | $8,129 | $8,860 | $10,977 |
| Cap Rate | 6.9% | 7.1% | 7.4% | 8.1% | 10.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($909) | ($936) | ($964) | ($1,023) | ($1,186) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($909) | ($936) | ($964) | ($1,023) | ($1,186) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $6,709 | $6,850 | $7,165 | $7,837 | $9,791 |
| Cash yield | 5.0% | 5.1% | 5.4% | 5.9% | 7.3% |
Acquisition Equity
| Down payment | ($110,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,650) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($1,925) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,247) | |||
| Total | ($133,322) | |||
Disposition Proceeds
| Estimated sale price | $205,465 | |||
|---|---|---|---|---|
| Disposition fee | ($2,055) | |||
| Other disposition costs | ($4,109) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $199,301 | |||
