4213 Meadow Valley Dr E, Memphis TN 38141

$106,000

PROPERTY INFORMATION

Type

     Single Family House

Floor Area 

     1,519 sq ft.

Lot Area

     3,484 sq ft.

Bedrooms

     3

Bathrooms

     2

Garage

     1

Year Built

     1993

Neighborhood

     Hickory Ridge-South Riverdale

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $21,200

Closing Cost (3%)

     $3,180

Cash Needed

      $24,380

Optional

     $500 fee for 50 years roof warranty 

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $106,000

Down Payment: $21,200

Loan Amount: $84,280

Amortization Period: 30 Years

Loan Interest Rate: 5.00%

Monthly Mortgage: $455.22

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

  • 17.80% First Year Projected Cash on Cash Return

ESTIMATED PROJECTED CORE FINANCIALS

(Year 1)

Monthly Rent: $1,150

Gross Annual Income: $13,800

Annual Property Tax: $1,249

Annual Insurance: $610

Vacancy (4.17%): $517

Monthly Mortgage: $455.22

Property Management: $1,380

Cap Rate: 9.85%

Cash on Cash Return: 17.80% 

NOI: $4,581.00

© All rights reserved. Your Home 901 . |  Privacy Policy