Properties

SOLD! 2958 S. Perkins, Memphis, TN 38118

Purchase Price:
$ 61,500.00
Estimated Value:
$ 75,000.00
Address:2958 S. Perkins Memphis, Tennessee 38118
Property Type:Single Family Home
Beds/Baths:3 bed(s), 2 bath(s)
Square Feet:1288 sqft.
Year Built:1958

Property Description

Newly Remodeled Nice 3 Bedroom and 2 Bathroom home.  Brand new roof.  Centrally located close to shopping and schools.  Perfect investment home!!!!!!!

Property Information

Bedrooms: 3

Bathrooms: 2

Square Feet: 1288

Year Built: 1958

Property Type: Single Family Home

Heating/Cooling: Central Heat and Air

Construction: Other

Roof Condition: New(<2 Years)

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
9,900.00 10,296.00 10,707.84 11,136.15 11,581.60 12,044.86 12,526.66 13,027.72 13,548.83 14,090.79 
(594.00) (617.76) (642.47) (668.17) (694.90) (722.69) (751.60) (781.66) (812.93) (845.45) 
9,306.00 9,678.24 10,065.37 10,467.98 10,886.70 11,322.17 11,775.06 12,246.06 12,735.90 13,245.34 
1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 
660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 
990.00 1,029.60 1,070.78 1,113.62 1,158.16 1,204.49 1,252.67 1,302.77 1,354.88 1,409.08 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
3,588.80 3,628.40 3,669.58 3,712.42 3,756.96 3,803.29 3,851.47 3,901.57 3,953.68 4,007.88 
5,717.20 6,049.84 6,395.79 6,755.57 7,129.74 7,518.89 7,923.59 8,344.49 8,782.22 9,237.46 
5,717.20 6,049.84 6,395.79 6,755.57 7,129.74 7,518.89 7,923.59 8,344.49 8,782.22 9,237.46 

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
9,900.00 10,296.00 10,707.84 11,136.15 11,581.60 12,044.86 12,526.66 13,027.72 13,548.83 14,090.79 
(594.00) (617.76) (642.47) (668.17) (694.90) (722.69) (751.60) (781.66) (812.93) (845.45) 
9,306.00 9,678.24 10,065.37 10,467.98 10,886.70 11,322.17 11,775.06 12,246.06 12,735.90 13,245.34 
1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 1,188.80 
660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 
990.00 1,029.60 1,070.78 1,113.62 1,158.16 1,204.49 1,252.67 1,302.77 1,354.88 1,409.08 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
3,588.80 3,628.40 3,669.58 3,712.42 3,756.96 3,803.29 3,851.47 3,901.57 3,953.68 4,007.88 
5,717.20 6,049.84 6,395.79 6,755.57 7,129.74 7,518.89 7,923.59 8,344.49 8,782.22 9,237.46 
(6,513.86) (6,513.86) (6,513.86) (6,513.86) (6,513.86) (6,513.86) (6,513.86) 0.00 0.00 0.00 
(796.66) (464.02) (118.07) 241.71 615.89 1,005.03 1,409.73 8,344.49 8,782.22 9,237.46 

Annual Cash on Cash Return

Contact Details

Contact Name: Christina

Contact Email: christina@memphisinvestment.com

Contact Phone: 901-351-2878

82.0%

% of Market Value

9.3%

Cash on Cash Return
Cash Purchase