Example Rental

Return to Track Record

4446 Jonesy Lane Memphis, Tennessee 38125

  • 3 Beds
  • 2.0 Baths
  • 2,387 Sqft
  • -6.45% Cash on Cash

Cost & Income

Purchase Price
$253,897
Renovation Costs
$24,979
Development Fee
$3,500
Total Basis
$282,376
Purchase Date
06/24/22
Date Rented -1337 days
Gross Rent
$1,695/mo
Vacancy (5.00%)
($7)
Property Mgmt (7.50%)
($127)
Other Expenses
($697)
Net Operating Income
$863/mo
Cap Rate
3.67%

Levered Cash Return
Not including any appreciation

Appraised Value
$295,563
Loan (75% LTV)
$221,672
LTC %
79%
Cash In
$60,704
Yield on Cash
-1.19%
Net Operating Income
$10,362
Debt Service (P&I)
($14,276)
Cash Flow -6.45%
$-3,914
Principal Paydown 5.26%
$3,192
Total Income
$-722
4446 Jonesy Lane
Estimated Value
$295,563
Value Over Cost
$13,187
Initial Capital Gain
4.67%

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Description

Class A-/B+ in a newer area. House had cosmetic rehab requirements but now needs hardly any maintenance. Probably worth about $215,000 now.