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
  • 4.89% 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
($357)
Net Operating Income
$701/mo
Cap Rate
5.56%

Levered Cash Return
Not including any appreciation

Appraised Value
$87,703
Loan (75% LTV)
$65,777
LTC %
44%
Cash In
$85,312
Yield on Cash
6.00%
Net Operating Income
$8,408
Debt Service (P&I)
($4,236)
Cash Flow 4.89%
$4,172
Principal Paydown 1.11%
$947
Total Income
$5,119
665 Brakebill Ave
Estimated Value
$87,703
Value Over Cost
$-63,386
Initial Capital Gain
-41.95%

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