Example Rental - 861 N Barksdale St - RealTurns.com

Example Rental

Class B, gentrifying area that has a good chance of going up in value over the next five years

Return to Track Record

861 N Barksdale St Memphis, Tennessee 38107

3 Beds
3.0 Baths
2,013 Sqft
-5.62% Cash on Cash

Cost & Income

Purchase Price: $243,131

Renovation Costs: $13,827

Development Fee: $3,500

Total Basis: $260,458

Purchase Date: 06/24/22

Date Rented -1192 days

Gross Rent: $1,675/mo

Vacancy (5.00%): ($7)

Property Mgmt (7.50%): ($126)

Other Expenses: ($671)

Net Operating Income: $872/mo

Cap Rate: 4.02%

Levered Cash Return
Not including any appreciation

Appraised Value: $277,438

Loan (75% LTV): $208,079

LTC %: 80%

Cash In: $52,380

Yield on Cash: 0.10%

Net Operating Income: $10,458

Debt Service (P&I): ($13,400)

Cash Flow -5.62%: $-2,942

Principal Paydown 5.72%: $2,996

Total Income: $54

861 N Barksdale St

Estimated Value: $277,438

Value Over Cost: $16,980

Initial Capital Gain: 6.52%

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