Tuesday, December 28, 2010

9 Unit Cash Flow in Memphis Tenn

Sq Footage 6144
Bedrooms 2
Bathrooms 1 Partial
Floors
Parking 6
Lot Size 13285 Sq. Feet
HOA/Maint
Market value $360,000
Purchase price $270,000
Loan amount $202,500
Down payment $67,500
Built in equity $90,000

Rental Income $3,000
Vacancy (8%) $240
Property Management $221
Property Taxes $159
Insurance $167
Repairs $420
Net Monthly Income $1,793
Net Annual Income $21,518

Annual Debt Service (13,790)
Cash flow after debt service 7,728
Tax benefits 2,356
Cash Flow ROI w/ 20 % down 14.94%
Total Increase in Wealth 111,518

Return on Investment






41.30%






Fernando Young
Hartford Investment Group
424-259-3733
socalhartfordinvgrp@gmail.com

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