This house in West Memphis presents an excellent investment opportunity. Purchased for $70,000 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 $166,667.
Property Financial Highlights:
- Purchase Price: $70,000
- ARV (After Repair Value): $166,667
- Monthly Market Rent: $1,030
- Annual Taxes: $435
- Annual Insurance: $1,000
- Property Management Fee: 8% of monthly rent
Financial Breakdown:
- Monthly Mortgage Payment: $373.33 (calculated based on a 30-year term at 7% interest)
- Monthly Expenses: $575.31 (includes mortgage payment, property management fee, taxes, and insurance)
- Monthly Cash Flow: $454.69
- Annual Cash Flow: $5,456.24
- Total Cash Investment: $15,400 (includes down payment and closing costs)
- Cash on Cash Return: 35.43%
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