Example Rental

Class C+, workforce housing in a stable neighborhood. By doing a great renovation, we got 20% over Zillow estimated rent

Return to Track Record

665 Brakebill Ave Memphis, Tennessee 38116

3 Beds
2.0 Baths
1,523 Sqft
0.36% Cash on Cash

Cost & Income

Purchase Price: $130,089

Renovation Costs: $17,500

Development Fee: $3,500

Total Basis: $151,089

Purchase Date: 06/24/22

Date Rented -1197 days

Gross Rent: $1,149/mo

Vacancy (5.00%): ($5)

Property Mgmt (7.50%): ($86)

Other Expenses: ($441)

Net Operating Income: $617/mo

Cap Rate: 4.90%

Levered Cash Return
Not including any appreciation

Appraised Value: $150,417

Loan (75% LTV): $112,813

LTC %: 75%

Cash In: $38,276

Yield on Cash: 4.61%

Net Operating Income: $7,404

Debt Service (P&I): ($7,265)

Cash Flow 0.36%: $139

Principal Paydown 4.24%: $1,625

Total Income: $1,764

665 Brakebill Ave

Estimated Value: $150,417

Value Over Cost: $-672

Initial Capital Gain: -0.44%

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