Example Rental

Return to Track Record

4446 Jonesy Lane Memphis, Tennessee 38125

  • 3 Beds
  • 2.0 Baths
  • 2,387 Sqft
  • 2.00% 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
($559)
Net Operating Income
$1,002/mo
Cap Rate
4.26%

Levered Cash Return
Not including any appreciation

Appraised Value
$191,600
Loan (75% LTV)
$143,700
LTC %
51%
Cash In
$138,676
Yield on Cash
3.49%
Net Operating Income
$12,025
Debt Service (P&I)
($9,254)
Cash Flow 2.00%
$2,771
Principal Paydown 1.49%
$2,069
Total Income
$4,840
4446 Jonesy Lane
Estimated Value
$191,600
Value Over Cost
$-90,776
Initial Capital Gain
-32.15%

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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.