Investor special! Affordable property at $80K with a rent potential of $1,269/month. Perfect for a fix-and-rent or flip strategy, this off-market gem offers strong cash flow and a 41.2% ROI. Renovate and maximize returns in a growing Memphis market!
Investment analysis:
– Property Price: $80,000
– Down Payment: $16,000
– Loan Amount: $64,000
– Interest Rate: 6.5%
– Loan Term: 30 years
– Expected Rent: $1,269
– Monthly Mortgage Payment: $404.42
– Management Fee (8%): $101.52
– Annual Taxes: $493 (or $41.08 per month)
– Annual Insurance: $1,000 (or $83.33 per month)
– Maintenance (5%): $63.45
– Vacancy Rate (2%): $25.38
– Total Monthly Costs: $719.18
– Monthly Cash Flow: $549.82
– Annual Cash Flow: $6,597.84
– Cash-on-Cash ROI: 41.24%