Properties

983 June Road #4, Memphis, TN 38119

Purchase Price:
$ 67,000.00
Estimated Value:
$ 80,000.00
Address:983 June Road #4 Memphis, Tennessee 38119
Property Type:Condo
Beds/Baths:1 bed(s), 1 bath(s)
Square Feet:830 sqft.
Year Built:1966

Property Description

Cute and Cozy 1 Bedroom 1 Bathroom Condo. Gated community in a grade A location. Close to shopping and schools. Newly remodeled very modern! Tenants have use of a state of the art weight room and clubhouse to host parties.

Property Information

Bedrooms: 1

Bathrooms: 1

Square Feet: 830

Year Built: 1966

Property Type: Condo

Heating/Cooling: Central Heat and Air

Appliances Stay: y

Investment Snapshot

Physical Location


Full Cash Flow

Cash Flow (Yearly)
Rent Revenue
Vacancy
Eff. Gross Revenue
    Less: Taxes
    Less: Insurance
    Less: Management Cost
    Less: Maintenance
Total Oper. Expense
Net Income
    Less: Debt Payment
Net Cash Flow
Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
9,300.00 9,672.00 10,058.88 10,461.24 10,879.68 11,314.87 11,767.47 12,238.17 12,727.69 13,236.80 
(558.00) (580.32) (603.53) (627.67) (652.78) (678.89) (706.05) (734.29) (763.66) (794.21) 
8,742.00 9,091.68 9,455.35 9,833.56 10,226.90 10,635.98 11,061.42 11,503.88 11,964.03 12,442.59 
1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 
379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 
930.00 967.20 1,005.89 1,046.12 1,087.97 1,131.49 1,176.75 1,223.82 1,272.77 1,323.68 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
3,711.05 3,748.25 3,786.94 3,827.17 3,869.02 3,912.54 3,957.80 4,004.87 4,053.82 4,104.73 
5,030.95 5,343.43 5,668.41 6,006.39 6,357.89 6,723.44 7,103.62 7,499.01 7,910.21 8,337.86 
5,030.95 5,343.43 5,668.41 6,006.39 6,357.89 6,723.44 7,103.62 7,499.01 7,910.21 8,337.86 

Annual Cash on Cash Return

Full Cash Flow

Cash Flow (Yearly)
Rent Revenue
Vacancy
Eff. Gross Revenue
    Less: Taxes
    Less: Insurance
    Less: Management Cost
    Less: Maintenance
Total Oper. Expense
Net Income
    Less: Debt Payment
Net Cash Flow
Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
9,300.00 9,672.00 10,058.88 10,461.24 10,879.68 11,314.87 11,767.47 12,238.17 12,727.69 13,236.80 
(558.00) (580.32) (603.53) (627.67) (652.78) (678.89) (706.05) (734.29) (763.66) (794.21) 
8,742.00 9,091.68 9,455.35 9,833.56 10,226.90 10,635.98 11,061.42 11,503.88 11,964.03 12,442.59 
1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 1,651.13 
379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 379.92 
930.00 967.20 1,005.89 1,046.12 1,087.97 1,131.49 1,176.75 1,223.82 1,272.77 1,323.68 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
3,711.05 3,748.25 3,786.94 3,827.17 3,869.02 3,912.54 3,957.80 4,004.87 4,053.82 4,104.73 
5,030.95 5,343.43 5,668.41 6,006.39 6,357.89 6,723.44 7,103.62 7,499.01 7,910.21 8,337.86 
(8,942.27) (8,942.27) (8,942.27) (8,942.27) (8,942.27) 0.00 0.00 0.00 0.00 0.00 
(3,911.32) (3,598.84) (3,273.86) (2,935.88) (2,584.38) 6,723.44 7,103.62 7,499.01 7,910.21 8,337.86 

Annual Cash on Cash Return

Contact Details

Contact Name: Christina Jones

Contact Email: christina@memphisinvestment.com

Contact Phone: 901-351-2878

83.8%

% of Market Value

7.5%

Cash on Cash Return
Cash Purchase