687 Creekstone Cir, Memphis TN 38127

$79,000

PROPERTY INFORMATION

Type

     Single Family House

Floor Area 

     1,042 sq ft.

Lot Area

     .23 acres

Bedrooms

     3

Bathrooms

     2

Garage

     N/A

Year Built

     1960

Neighborhood

     38127

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $15,800

Closing Cost (3%)

     $2,370

Cash Needed

      $18,170

Optional

     $500 fee for 50 years roof warranty 

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $79,000

Down Payment: $17,800

Loan Amount: $61,200

Amortization Period: 30 Years

Loan Interest Rate: 5.00%

Monthly Mortgage: $339.27

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

  • 17.10% First Year Projected Cash on Cash Return

ESTIMATED PROJECTED CORE FINANCIALS

(Year 1)

Monthly Rent: $800

Gross Annual Income: $9,600

Annual Property Tax: $662

Annual Insurance: $590

Vacancy (4.17%): $400

Monthly Mortgage: $339.27

Property Management: $768

Cap Rate: 9.00%

Cash on Cash Return: 17.10% 

NOI: $3,108.00

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