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Fully Rehabbed Properties Starting at $42,000
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- High rental rates relative to property price.
- Affordable housing in non-bubble market.
- 9 Fortune 500 companies. (ie FedEx, AutoZone)
- 43% of Memphis rents vs. 33% nationally.
- Cost of living ~10% below U.S. average.
- Properties 15% - 30% below market value.
- 3-Year appreciation forecast of 12.4%.
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CURRENT INVENTORY
| Ogunquit, Memphis |
5 Photos
Home for sale: Ogunquit, Memphis, TN
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Market Value: |
$100,000 |
Rental Income: |
$1,075 |
| Price: |
$79,900 |
Property Tax: |
$113 |
| Bedrooms: |
5 |
Insurance/HOA: |
$54 |
| Baths: |
2.5 |
Property Mgmt: |
$108 |
| Size: |
1,701 |
Cash Flow (NOI): |
$801 |
| Built: |
2004 |
Cap Rate: |
12% |
| Parking: |
Car Port |
Rent/Value Ratio: |
1.1% |
| Leased: |
Yes |
DealGrader™: |
9.1 |
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| This five bedroom two and a half bath home is a perfect investment property. With a price point under $80,000, this property requires a small amount of capital investment for acquisition. |
| August Moon, Memphis |
1 Photo
Home for sale: August Moon, Memphis, TN
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Market Value: |
$130,000 |
Rental Income: |
$1,395 |
| Price: |
$129,900 |
Property Tax: |
$137 |
| Bedrooms: |
4 |
Insurance/HOA: |
$60 |
| Baths: |
3 |
Property Mgmt: |
$140 |
| Size: |
2,517 |
Cash Flow (NOI): |
$1,059 |
| Built: |
2005 |
Cap Rate: |
9.8% |
| Parking: |
2 car att. |
Rent/Value Ratio: |
1.1% |
| Leased: |
Yes |
DealGrader™: |
9.1 |
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| This property is located right outside the city of Memphis and next to the town of Bartlett. It sits in a well developed, owner occupied subdivision that was constructed only 7 years ago (in 2005). The home only has county taxes which will boost your return, and sits in the county school district which increases its demand among tenants. The property is also in close proximity to Walmart, Methodist Hospital North which staffs over 1,000 employees, Brownsville Elementary School and Bartlett Park. |
| Kingsrow, Memphis |
1 Photo
Home for sale: Kingsrow, Memphis, TN
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Market Value: |
$140,000 |
Rental Income: |
$1,250 |
| Price: |
$114,900 |
Property Tax: |
$170 |
| Bedrooms: |
3 |
Insurance/HOA: |
$60 |
| Baths: |
2 |
Property Mgmt: |
$125 |
| Size: |
2,034 |
Cash Flow (NOI): |
$895 |
| Built: |
1977 |
Cap Rate: |
9.3% |
| Parking: |
Car Port |
Rent/Value Ratio: |
0.9% |
| Leased: |
Yes |
DealGrader™: |
9.1 |
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| This property is located in the Cordova area of Memphis. The neighborhood is well established and is dominated by owner occupants, not investors.
Along with the superb curb appeal and corner lot, The property is minutes away from major retailers including Starbucks, Costco, Toyota, Best Buy, the I-40 interchange and more. |
Cash Flow and Equity Accumulation
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| CASH-FLOW |
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| minus Total Operating Expenses |
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| minus Mortgage Expense |
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| GROSS CASH FLOW |
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| Plus Principle Paydown |
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| Plus Yearly Appreciation |
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| EQUITY ACCUMULATION |
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| FINANCIAL PERFORMANCE |
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