Fully renovated 3 Bed / 2 Bath home in a prime rental area. This property comes tenant-ready, offering investors immediate rental income with no repairs needed.
Financial Analysis
Purchase Price 258,000
Down Payment (20%) 51,600
Loan Amount 207600
Loan Interest Rate 0.08
Monthly Rent 2589
Annual Gross Rent 31068
Vacancy (5%) 1553.4
Effective Income 29514.6
Management Fee (8%) 2485.44
Taxes 2164
Insurance 1000
Maintenance (10%) 3106.8
NOI before Debt Service 5758.36
Annual Mortgage P&I 21132.42
Cash Flow after Debt -15374.1
Depreciation Deduction 8727.273
Appreciation (3%) 9000
Total Return 2353.213
Cash Invested 60000
Cash-on-Cash Return -0.25623
Total Return Rate 0.03922
Listed by Alissa Anderson, Realtor
TN DRE #380018
Kaizen Realty, LLC7540 North St, Germantown TN 38138
Call: 901-808-8448Email: sales@reiamerica.comwebsite: www.reiamerica.com
