Properties

Great Home in Fantastic Community!

Purchase Price:
$ 79,000.00
Estimated Value:
$ 95,000.00
Address:2913 Invergarry Road Memphis, Tennessee 38128
Property Type:Single Family Home
Beds/Baths:3 bed(s), 2 bath(s)
Square Feet:1700 sqft.
Year Built:1971

Property Description

Check out this great home! This home is a 3 Bedroom 2 Bath and 1700 square ft. Features include large rooms, spacious kitchen, large den with a fireplace and a huge backyard. The home is currently rented for $850 with very long term tenants but could easily rent for $950 in this well established neighborhood.

Property Information

Bedrooms: 3

Bathrooms: 2

Square Feet: 1700

Year Built: 1971

Property Type: Single Family Home

Heating/Cooling: Central Heat and Air

Garage Type: No Garage

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
11,400.00 11,856.00 12,330.24 12,823.45 13,336.39 13,869.84 14,424.64 15,001.62 15,601.69 16,225.75 
(684.00) (711.36) (739.81) (769.41) (800.18) (832.19) (865.48) (900.10) (936.10) (973.55) 
10,716.00 11,144.64 11,590.43 12,054.04 12,536.20 13,037.65 13,559.16 14,101.52 14,665.59 15,252.21 
1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 
660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 
1,140.00 1,185.60 1,233.02 1,282.34 1,333.64 1,386.98 1,442.46 1,500.16 1,560.17 1,622.58 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
4,004.15 4,049.75 4,097.17 4,146.49 4,197.79 4,251.13 4,306.61 4,364.31 4,424.32 4,486.73 
6,711.85 7,094.89 7,493.25 7,907.55 8,338.42 8,786.52 9,252.54 9,737.21 10,241.27 10,765.48 
6,711.85 7,094.89 7,493.25 7,907.55 8,338.42 8,786.52 9,252.54 9,737.21 10,241.27 10,765.48 

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
11,400.00 11,856.00 12,330.24 12,823.45 13,336.39 13,869.84 14,424.64 15,001.62 15,601.69 16,225.75 
(684.00) (711.36) (739.81) (769.41) (800.18) (832.19) (865.48) (900.10) (936.10) (973.55) 
10,716.00 11,144.64 11,590.43 12,054.04 12,536.20 13,037.65 13,559.16 14,101.52 14,665.59 15,252.21 
1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 1,454.15 
660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 660.00 
1,140.00 1,185.60 1,233.02 1,282.34 1,333.64 1,386.98 1,442.46 1,500.16 1,560.17 1,622.58 
750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 
4,004.15 4,049.75 4,097.17 4,146.49 4,197.79 4,251.13 4,306.61 4,364.31 4,424.32 4,486.73 
6,711.85 7,094.89 7,493.25 7,907.55 8,338.42 8,786.52 9,252.54 9,737.21 10,241.27 10,765.48 
(8,367.40) (8,367.40) (8,367.40) (8,367.40) (8,367.40) (8,367.40) (8,367.40) 0.00 0.00 0.00 
(1,655.55) (1,272.51) (874.14) (459.85) (28.98) 419.12 885.15 9,737.21 10,241.27 10,765.48 

Annual Cash on Cash Return

83.2%

% of Market Value

8.5%

Cash on Cash Return
Cash Purchase