π 5328 Chinchport, Memphis TN
Investor opportunity in Memphis! This 4 bed / 2 bath home provides a spacious layout and excellent potential. With an offer price of $90,000 and an estimated rehab of $32,000, the propertyβs After-Repair Value (ARV) is $165,000 β ideal for a fix-and-flip or BRRRR strategy.
π° Investment Summary
Purchase Price: $90,000
Rehab Estimate: $32,000
Total Project Cost: $122,000
After Repair Value (ARV): $165,000
Projected Profit: $43,000
ROI: ~35.2%
π Flip Analysis
Purchase & Rehab: $122,000
Resale Value (ARV): $165,000
Gross Profit: $43,000
Commissions & Closing (6% est.): ~$9,900
Net Profit: ~$33,100
Return on Investment: ~27.1%
π‘ Rental Analysis
Estimated Rent: ~$1,600/month
Annual Gross Rent: $19,200
Vacancy (5%): β $960
Effective Gross Income: $18,240
Operating Expenses:
Property Management (10%): $1,824
Taxes (est.): $1,600
Insurance: $1,200
Maintenance: $1,000
Total Operating Expenses: $5,624
Net Operating Income (NOI): $12,616
Annual Cash Flow (with financing): ~$7,000
Property Highlights:
β’ 4 Bedrooms / 2 Bathrooms
β’ Spacious layout in a desirable Memphis neighborhood
β’ Rehab estimated at $32,000
β’ ARV of $165,000
β’ Strong potential for resale profit or rental income