🏠 194 Biscayne Rd, Memphis TN 38109
Affordable Memphis investment opportunity! This 3 bed / 2 bath, 1,165 sq ft property (built 1956) is currently vacant and ready for renovation. With an offer price of $65,000 and an estimated $40,000 rehab, this project offers excellent upside with an ARV of $128,000 — ideal for a fix-and-flip or BRRRR investor looking for strong returns.
💰 Investment Summary
Purchase Price: $65,000
Rehab Estimate: $40,000
Total Project Cost: $105,000
After Repair Value (ARV): $128,000
Projected Profit: $23,000
ROI: ~21.9%
📈 Flip Analysis
Purchase & Rehab: $105,000
Resale Value (ARV): $128,000
Gross Profit: $23,000
Commissions & Closing (6%): ~$7,680
Net Profit: ~$15,320
Return on Investment: ~14.6%
🏡 Rental Analysis (Optional – if held after rehab)
Estimated Rent: ~$1,300/month
Annual Gross Rent: $15,600
Vacancy (5%): – $780
Effective Gross Income: $14,820
Operating Expenses:
Property Management (10%): $1,560
Taxes: $492
Insurance: $1,200
Maintenance: $800
Total Operating Expenses: $4,052
Net Operating Income (NOI): $10,768
Annual Cash Flow (with financing): ~$6,628
🏦 Financing (Example)
Loan Amount: $52,000 (80% LTV)
Down Payment: $13,000 (20%)
Interest Rate: 7%
Term: 30 years
Monthly Mortgage (P&I): ~$345
Annual Debt Service: ~$4,140
Cash-on-Cash Return: ~51%
Property Highlights:
• 3 Bedrooms / 2 Bathrooms, 1,165 sq ft
• Built in 1956 – solid structure, full renovation needed
• Ideal for fix-and-flip or BRRRR strategy
• Projected ARV: $128,000
• Strong rental potential ($1,300/month)
