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
  • 1,300 Sqft
  • 4.70% 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
($365)
Net Operating Income
$693/mo
Cap Rate
5.50%

Levered Cash Return
Not including any appreciation

Appraised Value
$93,400
Loan (75% LTV)
$70,050
LTC %
46%
Cash In
$81,039
Yield on Cash
5.94%
Net Operating Income
$8,317
Debt Service (P&I)
($4,511)
Cash Flow 4.70%
$3,805
Principal Paydown 1.24%
$1,009
Total Income
$4,814
665 Brakebill Ave
Estimated Value
$93,400
Value Over Cost
$-57,689
Initial Capital Gain
-38.18%

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