This house in West Memphis presents an excellent investment opportunity. Purchased for $66,000 with a 7% mortgage interest rate, this property is projected to generate a solid cash on cash return. The property boasts an After Repair Value (ARV) of $125,000.
Property Financial Highlights:
- Purchase Price: $66,000
- ARV (After Repair Value): $125,000
- Monthly Market Rent: $1,100
- Annual Taxes: $552
- Annual Insurance: $1,000
- Property Management Fee: 8% of monthly rent
Financial Breakdown:
- Monthly Mortgage Payment: $349.02 (calculated based on a 30-year term at 7% interest)
- Monthly Expenses: $566.35 (includes mortgage payment, property management fee, taxes, and insurance)
- Monthly Cash Flow: $533.65
- Annual Cash Flow: $6,403.80
- Total Cash Investment: $14,520 (includes down payment and closing costs)
- Cash on Cash Return: 44.09%
Investing in this property not only promises a significant return but also offers the potential for appreciation and depreciation benefits, making it an excellent addition to your investment portfolio
To schedule a tour of the property or to get more information, call us at 901-808-8448
You may also send us an email at sales@usadiscountproperties.com