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
  • 1.60% 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
($429)
Net Operating Income
$629/mo
Cap Rate
5.00%

Levered Cash Return
Not including any appreciation

Appraised Value
$141,393
Loan (75% LTV)
$106,045
LTC %
70%
Cash In
$45,044
Yield on Cash
4.99%
Net Operating Income
$7,549
Debt Service (P&I)
($6,829)
Cash Flow 1.60%
$719
Principal Paydown 3.39%
$1,527
Total Income
$2,246
665 Brakebill Ave
Estimated Value
$141,393
Value Over Cost
$-9,696
Initial Capital Gain
-6.42%

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